Question

The daily inverse demand curve for pet grooming is P=20-0.1Q. where P is the price of each grooming and Q is the number of groomings given each day. This implies that the Marginal revenue is MR=20-0.2Q Each worker hired can groom 20 dogs per day. What is the labor demand curve as a funciton of w, the daily wage the pet store takes as given.

16 years ago