A firm that hires labor in a monopsony market... Faces a Marginai Factor Cost curve that lies below their supply of labor Faces a Marginal Factor Cost curve that is the same as their supply of labor Faces a Marginal Revenue Product curve that lies above their demand for labor Faces a Marginal Factor Cost curve that lies above their supply curve for labor A rm that hires labor in a monopsony labor market determines the wage (rate) to be paid where: None of the other answers presented is correct The quantity hired intersects MRP The quantity hired intersects MFC The quantity hired intersects the demand curve for labor Wage per hour Labor input $ 5 1 10 2 15 3 20 4 25 5 Marginal Factor Cost for the fth unit of input is: Group of answer choices 125 25 45 7S