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[Q: 11-1456696] Suppose that the Amazon Warehouse in Bessemer, Alabama behaves as a monopsonist in the local labor market. Assume that its labor supply curve

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[Q: 11-1456696] Suppose that the Amazon Warehouse in Bessemer, Alabama behaves as a monopsonist in the local labor market. Assume that its labor supply curve is w (LS) = 6LS and its labor demand curve is w (LD) = 44.6 2L0. To maximize its prots, how many units of labor will Amazon hire and what wage will Amazon pay? Labor hired: 3.19V (enter your answer rounded to two decimal places and use in subsequent calculations). Wage paid: $ 19.14' (enter your answer rounded to two decimal places and use in subsequent calculations). Now suppose that the local labor union goes on strike and Amazon is eventually forced to increase the pay of its workers to the competitive wage. What wage would Amazon then have to pay? Competitive wage: $ 33.48' (enter your answer rounded to two decimal places)

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