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economics

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Can anyone get me started on this?
A country has 2 regions, the North and South, which are identical in all respects except for the hourly wage and number of workers. The demand for labor in the region is Wn=$20 - .5En and Ws=$20 - .5Es where En and Es are millions of workers. Currently there are 6 million workers in the North and 18 million workers in the South. What is the wage in each region?

  • economics -

    barring any exchange or movement between the two regions, and assuming all workers are hired,
    Wn=20-.5(18) = 9
    Ws=20-.5(6) = 17

  • economics -

    Thanks.

    Is the first one supposed to equal 11?

  • economics -

    right, my bad.

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