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 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 inverse demand function for coal miners?

The international unit of accounting used by the International Monetary Fund (IMF) is called

A) the Eurodollar. B) the IMF dollar. C) the quota subscription. D) special drawing rights.

Which of the following is true when regulators require a natural monopolist to set price equal to marginal cost?

a. This policy results in a less than socially optimal allocation of resources. b. The marginal cost of producing the last unit sold exceeds the consumers' marginal value for that last unit. c. The monopolist will face recurring losses unless a subsidy is provided. d. The monopolist will earn a normal profit. e. The monopolist will earn more than a fair return.