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Question
| Quantity of Labor Supplied | Required Wage Rate |
| 1 | $6.00 |
| 2 | 9.00 |
| 3 | 12.00 |
| 4 | 15.00 |
| 5 | 18.00 |
| 6 | 21.00 |
| 7 | 24.00 |
| 8 | 27.00 |
| 9 | 30.00 |
| 10 | 33.00 |
According to the above table, if the marginal revenue product is $24, how many workers will the profit maximizing monopsonist hire?
A) 4
B) 5
C) 6
D) 7
Answer
This answer is hidden. It contains 1 characters.
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