1) Consider the above graph. Which of the following are true? (multiple answers may be correct) a) At L = 2500, TCL/3L = TRL/L, so the monopsonist chooses the market clearing quantity of labor. b) At L = 2500, TCL/OL> TRL/L, so by reducing L, the monopsonist's TR rises more than his TC rises. c) At L = 2500, JTCL/OL> TRL/JL, so by reducing L, the monopsonist's TR falls less than his TC falls. d) Letting w denote the salary per unit of labor, aw/L TCL/AL. 2) Consider the above graph. Which of the following are true? (multiple answers may be correct) a) At L = 1000, JTCL/OL> TRL/L, so hiring an additional unit of labor would cause the monopsonist's TC to rise more than his TR would rise. b) At L = 1000, JTCL/L < TRL/L, so hiring an additional unit of labor would cause the monopsonist's TR to rise more than his TC would rise. c) At L = 1000, aw/L 0, so hiring an additional unit of labor requires the monopsonist to raise the wage. salary 1000 2500 MFC MRP quantity