Use the Figure Below to Answer the Following Questions

Multiple Choice

Use the figure below to answer the following questions. Figure 17.3.3
-Refer to Figure 17.3.3.For the monopsonist employer illustrated in this figure,the profit-maximizing wage rate is ________ and the quantity of labour hired is ________.

A) $18 per hour;300 hours
B) $16 per hour;350 hours
C) $16 per hour;500 hours
D) $14 per hour;400 hours
E) $12 per hour;300 hours