Multiple Choice
The supply of labour to a monopsonistic firm is w = 10 + z, where w is the wage rate and z is quantity of labour. The firm's MRP = 70 - z. The firm employs only labour. The wage rate which maximizes the firm's profit is:
A) $20.
B) $40.
C) $30.
D) $50.
Correct Answer:
Verified
Correct Answer:
Verified
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