I just what to know how they found MC Suppose that the supply and marginal product of labour curves faced by a firm are asfollows:Units of Labour(N)12345678LabourSupply S569131518MPN109864321MRPN201816128642MC5710.513.5192327395. If the output price = $2 then the MRPN of the fifth unit of labour is:a) 9b) 8c) 12d) 18e) Indeterminate6. If the firm operates as a non-discriminating monopsonist, the MC/of the third unit oflabour is:

Marginal product of labor refers to the additional output produced due to additional employment of…

Suppose that the supply and marginal product of labour curves faced by a firm are as follows: Units of Labour (N) 1 2 3 4 5 6 7 8 Labour Supply S 5 6 7.5 9 11 13 15 18 c) 12 d) 18 e) Indeterminate MPN 10 9 8 6 4 3 2 1 MRPN 20 18 16 12 8 6 4 2 MC 5 7 10.5 13.5 19 56 23 27 39 5. If the output price = $2 then the MRPN of the fifth unit of labour is: a) 9 b) 8 6. If the firm operates as a non-discriminating monopsonist, the MC of the third unit of labour is:

Suppose that the supply and marginal product of labour curves faced by a firm are as follows: Units of Labour (N) 1 2 3 4 5 6 7 8 Labour Supply S 5 6 7.5 9 11 13 15 18 c) 12 d) 18 e) Indeterminate MPN 10 9 8 6 4 3 2 1 MRPN 20 18 16 12 8 6 4 2 MC 5 7 10.5 13.5 19 56 23 27 39 5. If the output price = $2 then the MRPN of the fifth unit of labour is: a) 9 b) 8 6. If the firm operates as a non-discriminating monopsonist, the MC of the third unit of labour is:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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