I'm new to this forum and if I end up posting something that's against the rules, please tell me! I wasn't really sure where to post this but it's just algebra... I think.
Anyways, I'm currently studying labour economics and my math isn't too great... I was wondering if anybody could help me with this supposedly simple algebraic question.
So basically I have two equations: (labour supply and demand)
lnLD = lnA + aw
lnLs= lnB + bw
I need to algebraically solve for the equilibrium wage!
I tried doing it and I ended up something that looked like this (which I think is really off):
w = ln(A/B) / (b-a)