A. If the wage is $10 per hour, how many workers will want to work at that wage? 2

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Dollars per hour
$20
18
16
14
12
10
8
Firm
0
1
2
3 4
MFC
Supply Labor
MRP = Demand labor
Workers
per day
The graph above displays a monopsony in the labor market. Use the graph
to answer the following questions:
A. If the wage is $10 per hour, how many workers will want to work at
that wage? 2
B. How much additional revenue does the 3rd worker bring to the firm?
[选择]
Transcribed Image Text:Dollars per hour $20 18 16 14 12 10 8 Firm 0 1 2 3 4 MFC Supply Labor MRP = Demand labor Workers per day The graph above displays a monopsony in the labor market. Use the graph to answer the following questions: A. If the wage is $10 per hour, how many workers will want to work at that wage? 2 B. How much additional revenue does the 3rd worker bring to the firm? [选择]
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