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dont answer from other site please Consider a monopsonist firm. The wage is given by, W (L) = 8 + L (per worker). The firm

dont answer from other site please

Consider a monopsonist firm. The wage is given by, W (L) = 8 + L (per worker). The firm produces output using labor only according to the production function Y = 10L. The firm is a price taker in the product market where the price is P = 2. Determine the firm's optimal labor demand if the firm wants to maximize its profit.

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