A. 6 and $14 B. 3 and $11 c. 4 and $12 D. 5 and $13

(1) Number of (2) (3) Labor Units MRP of Labor Wage Rate 1 $ 21 $ 9 2 19 10 17 11 15 12 13 13 6 11 14 9 15 8 7 16 The table gives a monopsonist's marginal-revenue-product schedule for labor in columns 1 and 2 and the supply schedule for labor in columns 1 and 3. If, instead of being a monopsony, the labor data shown in the table were for a competitive labor market, how many labor-units would be hired and what would be the wage rate paid