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I'I 14 8 $3 Consider an economy in which the marginal product of labor is given by MPL = 309 - 2L, where L is
I'I 14 8 $3 Consider an economy in which the marginal product of labor is given by MPL = 309 - 2L, where L is the amount of labor used. The amount of labor supplied is given by LS = 22 + 12w, where w is the real wage rate. In this economy, the equilibrium real wage is and the equilibrium quantity of labor is workers. [Round your answers to one decimal place]
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