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-The Above Figure Shows the Market for Labor

Question 240

Multiple Choice

-The above figure shows the market for labor. The employer is a monopsony. The firm will maximize its profit by hiring 400 hours of labor because at that point A) MCL > W. B) VMP > W. C) MCL > VMP. D) MCL = VMP.
-The above figure shows the market for labor. The employer is a monopsony. The firm will maximize its profit by hiring 400 hours of labor because at that point


A) MCL > W.
B) VMP > W.
C) MCL > VMP.
D) MCL = VMP.

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