Respuesta :

Answer:

33 workers with $12 wages is the equilibrium wage.

Step-by-step explanation:

In the given graph equilibrium wage is the point of intersection of two lines representing labor demand and labor supply.

It means the solution set of two linear functions representing labor demand and labor supply will be the equilibrium wage.

As per graph 33 workers demanding $12 as wages is the equilibrium wage.

For the given graph equilibrium point (wage) is at (33, 12) represents 33 workers (labor demand) getting $12 wages (labor supply).

What is equilibrium point?

" Equilibrium point on the graph is defined as the intersecting point where demand and supply curve or lines intersect with each other."

According to the graph,

'x-axis ' represents number of workers as labor demand

'y-axis' represents wages as labor supply

Intersecting point of Labor demand and labor supply (33,12)

33 number of workers gets $12 wages represents equilibrium wage.

Hence, equilibrium wage from the given is equals to (33, 12).

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