The Demand for Labour Can Be Expressed as Q =

question 48

Multiple Choice

The demand for labour can be expressed as Q = 10,000 - w and the supply of labour is Q = 5,000 + w where Q is total person- hours of work during the week and w is the weekly salary. How much compensation do the workers receive weekly?

• A)28,125,000
• B)43,750,000
• C)15,625,000
• D)18,750,000

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Definitions:

Genes

Units of heredity made up of DNA that influence the development of an organism's traits and are passed from parents to offspring.

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Expressed

Conveyed or made known one's thoughts, feelings, or ideas through words, actions, or art.

Dormant

In a state of temporary inactivity or rest, with the potential to awaken or activate.