The monopsony's labor supply is w = 300 + 2L. Which of the following is the firm's marginal expenditure equation? O A. MEL = 150
The monopsony's labor supply is w = 300 + 2L. Which of the following is the firm's marginal expenditure equation? O A. MEL = 150 + 6L O B. MEL = 600 + 12L O C. ME = 300 + 4L O D. ME = 600 + 6 -L Assuming the demand for labor is w = 600 -2L, the monopsony wage will be higher than the competitive market wage by $ 50 (round your answer to two decimal places)
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