With a tax of zero dollars, equilibrium occurs at

Suppose the supply of labor is W – t = 10H, where W is the gross wage, t is the tax (in dollars), and H is labor hours. The demand for labor is W = 120 – 2H.
a) H = 10, W = 100
b) H = 9, W = 90
c) H = 8, W = 80
d) H = 7, W = 70
e) H = 6, W = 60


a) H = 10, W = 100

Economics

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