If the supply curve of labour market is given as S = 4L + 8….
Source: JAMB · 2023
If the supply curve of labour market is given as S = 4L + 8. What is L when s = 20?
Explanation
Put S = 20 into the supply equation S = 4L + 8.
20 = 4L + 8
4L = 20 − 8 = 12
L = 12 ÷ 4 = 3.
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