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-In the Above Table, If the Marginal Revenue Product Is

Question 312

Multiple Choice

-In the above table, if the marginal revenue product is $16, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker? A) 5; $18 B) 5; $16 C) 4; $16 D) 6; $30
-In the above table, if the marginal revenue product is $16, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?


A) 5; $18
B) 5; $16
C) 4; $16
D) 6; $30

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