Assume the labor demand of a non-discriminating monopsonist is given by: = , and the labor supply is given by: = + w.

1. Write the marginal cost of this non-discriminating monopsonist.
2. Calculate this nondiscriminating monopsonist's level of labor employment and the wage
3. rate he pays each worker hired.
4. Assume the government imposes a minimum wage law of $45 per hour. Demonstrate the following in a fully and clearly labeled graph:

a. The marginal cost after the minimum wage law is imposed.

b. The level of employment resulting from this minimum wage law.

c. The deadweight loss generated if the monopsonist complies with this minimum

wage.