Use the Figure Below to Answer the Following Questions

question 91

Multiple Choice

Use the figure below to answer the following questions. Figure 17.3.2
-Refer to Figure 17.3.2.This figure illustrates a monopsonist in the labour market.The profit-maximizing wage rate is ________ and the quantity of labour hired is ________.

• A)$11 per hour;800 hours
• B)$11 per hour;400 hours
• C)$14 per hour;600 hours
• D)$17 per hour;400 hours
• E)$14 per hour;400 hours.