Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
anymous anymous
wrote...
Go to Answer
Posts: 134
Rep: 0 0
A year ago
Efficiency in Production

The graph shows the demand curve (D), the supply curve (S), and the marginal cost curve (MC) for a firm that is a monopsony in the labor market.
 
Assume that P1=$5.75, P2=$16, P3=$25.25, Q1=125, Q2=230, Q3=330. What is the profit-maximizing wage for the monopsony? What is the deadweight loss?
Please round your final answer to two decimal places.

▸ $25.25, $1,998.75

▸ $5.75, $1,998.75

▸ $25.25, $1,023.75

▸ $5.75, $1,023.75
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 41 times
1 Reply
Replies
Answer verified by a subject expert
neginakbarinneginakbarin
wrote...
#1
Posts: 126
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 120 words.
1

Related Topics

anymous Author
wrote...

A year ago
You make an excellent tutor!
riptide
wrote...

Yesterday
Correct Slight Smile TY
Holly72492
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1255 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 638
  
 1090
  
 273
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Does a gender wage gap exist in America?