DETERMINE THE PROVIDER’S EQUILIBRIUM WAGE AND HOW MANY NURSING UNITS IT WILL HIRE

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DETERMINE THE PROVIDER’S EQUILIBRIUM WAGE AND HOW MANY NURSING UNITS IT WILL HIRE. THE PROVIDER IS A…

The following is a labor supply function:

Wage per hour Quantity of Nurse Supplied

$2 1

4 2

6 3

8 4

10 5

12 6

Nurses are used by the clinic visits. Each visit brings $2 in revenue for the clinic. The relationship between nursing units and clinic visits is as follows:Quantity of Nurses Total Clinic Visits

1 5