A Monopsonist That Faces a Labor Supply Curve of the Form

question 11

Multiple Choice

A monopsonist that faces a labor supply curve of the form l = 4w and has a constant marginal revenue product of 50 per unit of l,will opt for the following,w,l combination:

• A)w = 10 l = 40.
• B)w = 25 l = 100.
• C)w = 50 l = 200.
• D)w = 100 l = 400.

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Definitions:

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Hydrocarbons with at least a single carbon-carbon double bond, unsaturated in nature, adhering to the formula CnH2n.

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A specific enantiomer of 2-ethoxybutane, which is an organic compound used in some chemical syntheses, defined by its specific three-dimensional arrangement.

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An organic compound used as a strong base in various chemical syntheses, derived from butanol.