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-The Above Figure Shows the Market for Labor

Question 224

Multiple Choice

-The above figure shows the market for labor. The employer is a monopsony. The firm maximizes its profit by hiring A) 800 hours of labor at a wage of $5 per hour. B) 600 hours of labor at a wage of $10 per hour. C) 400 hours of labor at a wage of $5 per hour. D) 200 hours of labor at a wage of $5 per hour.
-The above figure shows the market for labor. The employer is a monopsony. The firm maximizes its profit by hiring


A) 800 hours of labor at a wage of $5 per hour.
B) 600 hours of labor at a wage of $10 per hour.
C) 400 hours of labor at a wage of $5 per hour.
D) 200 hours of labor at a wage of $5 per hour.

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