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Wage Rate Marginal Factor Cost Marginal Revenue Product (MFC) (MRP) $9 $10 $34 $11 $24 $12 $21 $13 $20 5 $14 $19 6 $15 $18

Wage Rate Marginal Factor Cost Marginal Revenue Product (MFC) (MRP) $9 $10 $34 $11 $24 $12 $21 $13 $20 5 $14 $19 6 $15 $18 Assume the above table describes the supply schedule of labor for a monopsony. This monopsony should hire workers. 01 06 2 0 O O O Workers 0 1 4 3 LO 2 3 4

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