The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 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 when it hires 150 coal miners?
A. $17,500
B. $30,500
C. $10,000
D. $25,000
D. $25,000
You might also like to view...
Are all externalities negative? Explain
What will be an ideal response?
The program Save More Tomorrow (SMarT) is:
A. an experimental "forced savings" program. B. a voluntary savings program that commits a fraction of future raises to be put directly into savings. C. a voluntary savings program that involves people learning how to find high-interest accounts so their savings is worth more tomorrow. D. the "forced savings" program in Italy.
Recall the Application about determining the optimal level of methane abatement to answer the following question(s).Recall the Application. The EPA has estimated the cost of methane recovery at different recovery levels. Given those costs, the efficient level of methane recovery:
A. depends on the estimate of the marginal benefit of methane recovery. B. is zero because the costs exceed the benefits. C. will increase if scientists determine that methane is not as harmful as it is currently thought to be. D. will include only recovery from landfills and coal mines, but not from natural gas distribution.
(amounts in billions of dollars)
According to the above table, Gross Domestic Product as calculated by the expenditure approach is
A. $13,384 billion. B. $13,617 billion. C. $13,278 billion. D. $14,337 billion.