Suppose a Monopsonist Hires Its Second Worker and This Hiring

question 45

Multiple Choice

Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of $75 per day. If the market wage is now $62.50 per day, what was the first employee earning when she worked alone?

• A) $40.
• B) $45.
• C) $50.
• D) $55.

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