Consider the hiring of city librarians. The daily wage of a librarian is $100, and the city initially hires L* = 10 librarians. Suppose the state offers a 25% matching grant for librarians: m = 0.25. The wage elasticity of demand for city librarians is -0.50. Assume the price of consumption of everything else is $1.

(please enter money values as dollars and cents: $0,000.00)

How many librarians will the city hire with the matching grant? ________ additional librarian(s) will be hired.

What is the total amount spent on librarians by the city after this hiring? $ ________

What is the amount of the matching grant? $ ________

What is the amount of total local spending with the grant? $ ________

What is the amount of spending on everything else as a result of the grant? $ ________