6. Consider the following graph facing a monopsonist. W 29 22 16.50 13 MCL S 33 47 If this firm is a profit maximizer, it would pay what wage, w, and hire how many, L, workers? a. w $16.50; Z=47. b. w = $13; Z=33. c. w = $22; Z=33. d. w $29; Z=47. e. None of the above.

6. Consider the following graph facing a monopsonist. W 29 22 16.50 13 MCL S 33 47 If this firm is a profit maximizer, it would pay what wage, w, and hire how many, L, workers? a. w $16.50; Z=47. b. w = $13; Z=33. c. w = $22; Z=33. d. w $29; Z=47. e. None of the above.

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

100%

Consider the following graph facing a monopsonist. If this firm is a profit maximizer, it would pay what wage, w, and hire how many, L, workers?

a. w=$16.50;L=47.

b. w=$13;L=33.

c. w=$22;L=33.

d. w=$29;L=47.

e. None of the above.?

6. Consider the following graph facing a monopsonist.
W
29
22
16.50
13
MCL
S
33 47
If this firm is a profit maximizer, it would pay what wage, w, and hire how many, L,
workers?
a. w
$16.50; Z=47.
b. w = $13; Z=33.
c. w = $22; Z=33.
d. w $29; Z=47.
e. None of the above.

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