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4. ABC Textile Inc. is the only employer in town, and the company maximizes profits. Given the Wage supply of labor and Value of Marginal

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4. ABC Textile Inc. is the only employer in town, and the company maximizes profits. Given the Wage supply of labor and Value of Marginal Product of labor shown here, we can determine that -..... ABC will employ workers. 40 a) 60 d) 90 b) 70 e) 105 c) 80 30 5. The wage ABC will offer workers equals: a) 18 d) 25 b) 20 e) 32 20 C) 24 6. The deadweight loss in efficiency caused by ABC's monopsony power is: 10 .V.MP. a) 200 d) 245 b) 215 e) 260 c) 230 DW = = 32-18 105-70 =245 50 100 150 200 Labor

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