Author Question: Consider the monopsony in the above figure. The monopsony will pay a hourly wage rate equal to A) ... (Read 111 times)

cherise1989 · **on:** Jun 29, 2018

Consider the monopsony in the above figure. The monopsony will pay a hourly wage rate equal to

A) 10.
B) 15.
C) 20.
D) None of the above answers is correct.

Question 2

Using the data in the above table, the average fixed cost of producing 16 units is

A) 1.11 a unit.
B) 1.25 a unit.
C) 1.54 a unit.
D) 2.22 a unit.