=+a. If the university takes advantage of its monopsonist position, how many TAs will it hire? What

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=+a. If the university takes advantage of its monopsonist position, how many TAs will it hire? What wage will it pay?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 07:00 AM

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=+a. If the university takes advantage of its monopsonist position, how many TAs will it hire? What wage will it pay?
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=+Suppose the demand for TAs is W 5 30,000 2 125n, where W is the wage (as an annual salary) and n is the number of TAs hired. The supply of TAs is given by W 5 1000 1 75n.
=+b. If, instead, the university faced an infinite supply of
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=+a. If the university takes advantage of its monopsonist position, how many TAs will it hire? What

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Microeconomics

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