A Monopsony Has a Marginal Revenue Product Curve of MRP_L

question 73

Multiple Choice

A monopsony has a marginal revenue product curve of MRP_L = 100 - l and faces a labor supply curve of W = 1.5l. How many workers will the price taker hire?

• A) 100
• B) 50
• C) 25
• D) 40

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