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Utilize the following table, which details a monopsonistic employer, to answer the following question: (Note: W=AFC-TFC/Q-Labor Supply Curve) Q W TFC MFC MRP 210 18.00

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Utilize the following table, which details a monopsonistic employer, to answer the following question: (Note: W=AFC-TFC/Q-Labor Supply Curve) Q W TFC MFC MRP 210 18.00 3,780.00 28.45 29.50 211 18.05 3,808.55 28.55 29.45 212 18.10 3,837.20 28.65 29.40 213 18.15 3,865.95 28.75 29.35 214 18.20 3,894.80 28.85 29.30 215 18.25 3,923.75 28.95 29.25 216 18.30 3,952.80 29.05 29.20 217 18.35 3,981.95 29.15 29.15 218 18.40 4,011.20 29.25 29.10 219 18.45 4,040.55 29.35 29.05 322 23.60 7,599.20 39.65 23.90 323 23.65 7,638.95 39.75 23.85 324 23.70 7,678.80 39.85 23.80 325 23.75 7,718.75 39.95 23.75 326 23.80 7,758.80 40.05 23.70 Question: Suppose that workers unionize and successfully negotiate a $29.50 wage with the monopsonistic employer. Compared to a case where there is no union, what is the change in the number of workers hired with a union negotiating against the monopsonist? 110 additional workers will be hired when there is a union negotiating against the monopsonist. O The total number of workers hired will be reduced by 7 workers when a union is negotiating against a monopsonist. 106 additional workers will be hired when there is a union negotiating against the monopsonist. O The total number of workers hired will be reduced by 2 workers when a union is negotiating against a monopsonist

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