Consider the monopsony in the above figure. The monopsony will ...

[cherise1989]

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.

[xMRAZ]

Answer to Question 1

A

Answer to Question 2

B

[cherise1989]

Thanks for the timely response, appreciate it

[DylanD1323]

Great answer, keep it coming