Use the Figure Below to Answer the Following Questions

question 103

Multiple Choice

Use the figure below to answer the following questions. Figure 17.3.1
-Refer to Figure 17.3.1.This figure shows the value of marginal product of labour curve,the labour supply curve,and the marginal cost of labour curve.Suppose the government passes a minimum wage law that prohibits anyone from hiring labour at less than $12.50 per hour.The monopsonist will hire

• A)50 hours of labour.
• B)75 hours of labour.
• C)62.5 hours of labour.
• D)100 hours of labour.
• E)125 hours of labour.