140 120 -MFC 100 VMP 80 MRP 60 LS 40 20 10 20 30 40 50 36. Suppose the firm represented by this graph sells its product as a monopoly and buys its labor as a monopsony, how much labor will this firm hire and at what wage? O (a) 25 units of labor at $64 O (b) 19 units of labor at $30 O (c) 25 units of labor at $37 O (d) 32.5 units of labor at $45

MATLAB: An Introduction with Applications
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140
120
MFC
100 -
VMP
80
MRP
60
LS
40
20
10
20
50
36. Suppose the firm represented by this graph sells its product as a monopoly and buys its labor as a monopsony, how much labor will this firm hire and at what wage?
O (a) 25 units of labor at $64
(b) 19 units of labor at $30
(c) 25 units of labor at $37
O (d) 32.5 units of labor at $45
40
30
Transcribed Image Text:140 120 MFC 100 - VMP 80 MRP 60 LS 40 20 10 20 50 36. Suppose the firm represented by this graph sells its product as a monopoly and buys its labor as a monopsony, how much labor will this firm hire and at what wage? O (a) 25 units of labor at $64 (b) 19 units of labor at $30 (c) 25 units of labor at $37 O (d) 32.5 units of labor at $45 40 30
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