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anymous anymous
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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
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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neginakbarinneginakbarin
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A year ago
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anymous Author
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A year ago
Thank you, thank you, thank you!
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Just got PERFECT on my quiz
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This helped my grade so much Perfect
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