Multiple Choice
Suppose the demand faced by a labor monopsony is W = 40,000 - 100l, where W is the annual wage and L is the number of workers hired. The labor supply is given by W = 10,000 + 100l. The marginal expenditure equation is W = ____.
A) 80,000 - 100l
B) 40,000 - 200l
C) 10,000 + 200l
D) 20,000 + 100l
Correct Answer:
Verified
Correct Answer:
Verified
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