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Laylah's Lumberyard is a monopsony. Laylah estimates that at a wage of $10, 100 workers would be willing to work for her. Similarly, at a
Laylah's Lumberyard is a monopsony. Laylah estimates that at a wage of $10, 100 workers would be willing to work for her. Similarly, at a wage of $12, 200 workers would be willing to work. Her marginal factor cost is: a. $120. b. $14. c. $10. d. $140
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
