_{S}= 0.1w − 1000 where w is yearly salary. How many workers are willing to work when the yearly salary is $20,000? A) 100 B) 200 C) 500 D) 1000 E) 2000

Q 18# Suppose labor supply can be described as E

# Suppose labor supply can be described as E_{S} = 0.1w − 1000 where w is yearly salary. What yearly salary must be paid to encourage 6000 workers to accept jobs?
A) $30,000
B) $40,000
C) $50,000
D) $60,000
E) $70,000

Multiple Choice