Determine how much profit will be made by the workers

Reference no: EM13235855

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: EM13235855

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