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-Use the Above Table

Question 101

Multiple Choice

-Use the above table. If the marginal revenue product is $30, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker? A) 1; $10 B) 2; $15 C) 3; $20 D) 4; $25
-Use the above table. If the marginal revenue product is $30, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?


A) 1; $10
B) 2; $15
C) 3; $20
D) 4; $25

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