Answered: miners is Q = 0.02 W- 200, where W is…

miners is Q = 0.02 W- 200, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the coal mine's marginal expenditure function?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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I need help with #59 please

3:14 ∞iners is Qs = 0.02 W- 200, wall 36%
is the annual wage of a coal miner and
Q is the number of people who would
accept employment as a coal miner.
What is the inverse supply function for
coal miners?
A) W=0.02Q³ - 200
B) W=0.02Q³ + 200
C) W = 50Q + 10,000
D) W = 200Q³ + 500
59) The Solo Coal Mine is the only
employer in the small town of Way out
there. The market supply of coal
miners is Q = 0.02 W - 200, where W
is the annual wage of a coal miner and
Q is the number of people who would
accept employment as a coal miner.
What is the coal mine's marginal
expenditure function?
A) ME = 50Q + 10,000
B) ME= 100Q + 10,000
C) ME = 200Q + 500
D) ME=250Q + 500
60) The Solo Coal Mine is the only
employer in the small town of Way out
there. The market supply of coal
miners is Q = 0.02 W- 200, where W
is the annual wage of a coal miner and
Q is the number of people who would
accept employment as a coal miner.
What is the coaline's marginal

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