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The Solo Coal Mine Is the Only Employer in the Small

Question 42

Multiple Choice

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:

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