The Solo Coal Mine is the only employer in the small town of Way out there.The market supply of miners is Qs = 0.02W - 200 and Qd = 500 - 0.02W,where W is the annual wage of a coal miner and Q is the number of coal miners.What is the profit maximizing number of coal miners for the coal mine to hire?
A) 100
B) 150
C) 50
D) 233.33
Correct Answer:
Verified
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