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:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I just what to know how they found MC
Transcribed Image Text: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
9
13
15
18
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
23
27
39
5. If the output price = $2 then the MRPN of the fifth unit of labour is:
a) 9
b) 8
c) 12
d) 18
e) Indeterminate
6. If the firm operates as a non-discriminating monopsonist, the MC/of the third unit of
labour is:
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