How many workers will be hired, and how much profit will be

Assignment Help Macroeconomics
Reference no: EM13335285

A coal mining company has a supply curve of W=48 + (72/2000)L and Demand of P= 60- (9/4000)Q. coal miners produce 8 tons of coal a day. they max profit.

How many workers will be hired, and how much profit will be made?

Reference no: EM13335285

Questions Cloud

Branding identify a relatively new product category : BrandingIdentify a relatively new product category
How much should be deposited now : An individual wishes to deposit an amount of money now and $100 every six months so that at the end of five years $1,500 will have been accumulated. With interest at 4% per year, compounded semiannually, how much should be deposited now?
Define filter done with warm water instead of ice cold water : How would the % yield of aspirin be changed if the final rinse of the solid product on the filter paper was done with warm water instead of ice cold water
What is the income elasticity of demand for rainbow sandals : Consider the market for rainbow sandals. Suppose average household income increases from $44,000 per year to $61,000 per year. As a result, the demand for rainbow sandals increases from 427 to 535.
How many workers will be hired, and how much profit will be : A coal mining company has a supply curve of W=48 + (72/2000)L and Demand of P= 60- (9/4000)Q. coal miners produce 8 tons of coal a day. they max profit.
What the firm has done in terms of engagement : Discuss Carr's writings with respect to whether or not information technology and the Internet have given, and can continue to give, competitive advantage in the case of your particular firm.
Determine the acceleration of the baseball : As a baseball is being thrown, it goes from 0.0 to 40.0 m/s in 0.25 s. What is the acceleration of the baseball
How much will meena owe when she graduates in four years : Upon entering college, Meena borrowed the limit of $5000 on her credit card to help pay expenses. The credit card company charges 19.95% annual interest, compounded continuously. how much will meena owe when she graduates in four years?
Calculate the firms ocfs and find the present value now : McDermott estimates that the new project will generate $900,000 in annual sales at the end of each of the next four years and that operating costs (excluding depreciation) will equal $400,000.

Reviews

Write a Review

Macroeconomics Questions & Answers

  How many hours a week john works

The best Leisure John may get in a week is 168 hrs. Other than that how many hours a week John works, he gets a $200 allowance from his father.

  Suppose each cake costs the same to make

Suppose each cake costs the same to make, what is the average cost to produce a cake. Compute Alyssa's labor productivity ration in dollars per hour for each type of cake.

  Identify kinked demand curve

The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below.  Compute the oligopolist's total revenue at each of the nine prices

  Determine whether the elderly are actually better off from

The chapter explains that Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation.

  Analyze the effects on wages and employment

Based on economist Albert Rees, there is evidence that contracts sometimes exist "among employers not to increase wages individually or not to employee away each other's workers

  How does the method of payment affect the consumption level

Most systems of medical insurance substantially lower the out-of-pocket costs consumers have to pay for additional units of physician services and hospitalization. Some reduce these costs to zero.

  Explain how would you expect antitrust authorities to react

Important information about Antitrust policy explain how would you expect antitrust authorities to react.

  Can the observed pattern of income segregation be explained

Suppose that the income elasticity of demand for land is +0.75. The unit commuting cost (cost per mile) is the sum of monetary cost (30 cents per mile) and time cost (opportunity cost). Suppose that the typical commuter earns a wage

  Find out the up-to-date information needed

Create a presentation for the Board which examines the current state of the U.S. economy. Use the Library to find out the up-to-date information needed.

  Compute the annual lease payments

Compute the annual lease payments. Remember, the payments are to be considered at the beginning of each year - annuity due.

  Daily consumption of carbohydrates in diet

Bill can consume only 167 grams of carbohydrates daily,then how many cups of each food will he consume daily?

  Solving the utility function

Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd