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corie corie
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6 years ago
Suppose the marginal value curve for a monopsonist is MV = 70 - Q, and the marginal expenditure curve is ME = 10 + 2Q.  What is the optimal price paid by the monopsonist?
A) P = 20
B) P = 50
C) P = 60
D) We need to know the AE curve in order to determine the optimal price
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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#1
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6 years ago
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