1.a. Explain why the marginal cost curve lies about the labor supply curve for a monopsonist. b. A monopsony can hire one worker at a wage of $5, two workers at a wage of $6 each, three workers at $7 each, and so on (each added worker adding one dollar to the wage rate). If the value of marginal product for all workers is $15, what wage will the monopsony pay and how many workers will it hire? Show your work