Refer to Figure 31.2 for a monopsonist employer.From the monopsonist's standpoint, the optimal wage and employment level would be
A)$11 per hour and 50 employees.
B)$9 per hour and 40 employees.
C)$7 per hour and 50 employees.
D)$6 per hour and 40 employees.

Question

Refer to Figure 31.2 for a monopsonist employer.From the monopsonist's standpoint, the optimal wage and employment level would be
A)$11 per hour and 50 employees. 
B)$9 per hour and 40 employees. 
C)$7 per hour and 50 employees. 
D)$6 per hour and 40 employees.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 31.2 for a monopsonist employer.From the monopsonist's standpoint, the optimal wage and employment level would be
A)$11 per hour and 50 employees. 
B)$9 per hour and 40 employees. 
C)$7 per hour and 50 employees. 
D)$6 per hour and 40 employees.