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-In the Above Table, If the Marginal Revenue Product Is

Question 12

Multiple Choice

-In the above table, if the marginal revenue product is $22, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker? A) 5; $18 B) 3; $14 C) 4; $22 D) 4; $16
-In the above table, if the marginal revenue product is $22, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?


A) 5; $18
B) 3; $14
C) 4; $22
D) 4; $16

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