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Author Question: Suppose your firm is a monopsonist hiring only one variable input. If you want to maximize profits, ... (Read 68 times)

jacob816

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on: Oct 12, 2022
Suppose your firm is a monopsonist hiring only one variable input. If you want to maximize profits, you will purchase that variable input up to the point where the
◦ cost of the input equals the profit generated by the employment of that input.
◦ MRP curve for the input intersects the marginal cost curve for the input.
◦ wage rate is the highest.
◦ marginal product of that input equals the price of one unit of the input.
◦ demand curve intersects the supply curve of the input.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jacob816 on Oct 12, 2022

ALuthy

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jacob816

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

jordangronback

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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