Recall that the Bobo is the official currency of Boblandia. Assume a competitive labor market in Boblandia with demand MWTP(Q)=P(Q)=35-Q and supply MC(Q)=P(Q)=Q. If the minimum wage is 9 Bobos, how many units are transacted?

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as