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-In the Above Table, If the Marginal Revenue Product Is

question 12

Multiple Choice

  -In the above table, if the marginal revenue product is $22, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker? A)  5; $18 B)  3; $14 C)  4; $22 D)  4; $16
-In the above table, if the marginal revenue product is $22, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?


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