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Now imagine that Bavis is a monopoly employer of labor in the city of Bavis. Suppose the rm faces an inverse supply curve of labor

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Now imagine that Bavis is a monopoly employer of labor in the city of Bavis. Suppose the rm faces an inverse supply curve of labor of w(L) = 40 + 12L. A. What is the marginal expenditure curve for the Bavis? Now assume the monopsony has an inverse demand curve for labor of w(L) = 100 6L. B. What are the equilibrium wage and labor quantity? C. Show the equilibrium wage and equilibrium labor quantity graphically. In- clude the inverse demand curve and the rm's supply and marginal expenditure curves. D. What are Bavis's surplus, workers' surplus, and deadweight loss at the equi- librium

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