Question
Labour demand faced by a monopsony firm is W = 40,000 - 100 l , where W is the annual wage salary and L is
Labour demand faced by a monopsony firm is W = 40,000 - 100l, where W is the annual wage salary and L is the number of workers employed. Labour supply is W = 10,000 + 100l. What is the firm's marginal expenditure?
a.
W=20,000 + 100l
b.
W= 80,000 - 100l
c.
W=10,000 + 200l
d.
W=40,000 - 200l
Clear my choice
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
