Exhibit 11-12 A monopsonist
-In Exhibit 11-12, at the profit-maximizing level of employment, the firm's MFC is equal to ____ and the firm's MRP is equal to ____.

Name: Exhibit 11-12 A monopsonist -In Exhibit 11-12, at the profit-maximizing level of employment, the firm's MFC is equal to ____ and the firm's MRP is equal to ____.
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Question

Exhibit 11-12 A monopsonist 
-In Exhibit 11-12, at the profit-maximizing level of employment, the firm's MFC is equal to ____ and the firm's MRP is equal to ____.

Quizplus · Accepted Answer

At the profit-maximizing level of employment, the firm's Marginal Factor Cost (MFC) should equal its Marginal Revenue Product (MRP). Therefore, both should be $30.

Exhibit 11-12 a Monopsonist