Suppose that the monopsonist in the figure to the right is contemplating whether it might consider hiring 7 units of labor per time period. To induce 7 units of labor to be supplied by workers, the firm would have to pay an hourly wage rate of $2525 per hour. The total wage bill for 6 units of labor is $120120. What would be the marginal factor cost of hiring a 7th unit of labor per time period? Part 2 The marginal factor cost of hiring a 7th unit of labor would be $enter your response here. (Enter your response as a whole number.)