Multiple Choice
Use the figure below to answer the following questions. Figure 17.3.1
-Refer to Figure 17.3.1.This figure shows the value of marginal product of labour curve,the labour supply curve,and the marginal cost of labour curve.Suppose the government passes a minimum wage law that prohibits anyone from hiring labour at less than $12.50 per hour.The monopsonist will hire
A) 50 hours of labour.
B) 75 hours of labour.
C) 62.5 hours of labour.
D) 100 hours of labour.
E) 125 hours of labour.
Correct Answer:

Verified
Correct Answer:
Verified
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