Problem
You are the only firm in town, and your demand for labor follows the schedule P = 100 - 2Q, where P is the price and Q is the quantity. The price you pay for labor depends on the amount that you hire, according to the schedule P = 10 + 4Q. What is your profit-maximizing quantity of labor? (Hint: find the marginal expenditure on labor, then find the quantity such that the price on the labor demand curve equals the price on the marginal expenditure curve).
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.