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Home Q & A Board Other Fields Homework Help Business Economics
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hiusy98 hiusy98
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Posts: 1526
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7 years ago
Assume the supply function for good X can be written as
Qs = -100 + 27Px - 5Py - 1.8W
where Px = the price of X,
Py = the price of good Y, and
W = Wage index for workers in industry X.
This equation implies that X and Y are substitutes in production.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 82 times
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andyborziandyborzi
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7 years ago
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hiusy98 Author
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#2
7 years ago
Needed these to complete my project
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