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Use the Figure Below to Answer the Following Questions

Question 94

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 18.3.2 -Refer to Figure 18.3.2. This figure illustrates a monopsonist in the labour market. The profit-maximizing wage rate is ________ and the quantity of labour hired is ________. A) $4 per hour; 800 hours B) $4 per hour; 400 hours C) $7 per hour; 600 hours D) $9 per hour; 400 hours E) $2 per hour; 150 hours.
Figure 18.3.2
-Refer to Figure 18.3.2. This figure illustrates a monopsonist in the labour market. The profit-maximizing wage rate is ________ and the quantity of labour hired is ________.


A) $4 per hour; 800 hours
B) $4 per hour; 400 hours
C) $7 per hour; 600 hours
D) $9 per hour; 400 hours
E) $2 per hour; 150 hours.

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