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SebKom SebKom
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6 years ago
A monopsony's marginal worker has a marginal revenue product of $12 an hour and a wage of $8. A minimum wage of $10 will have which of these effects?
A) decrease the average hourly cost of a worker
B) decrease the marginal hourly cost of a worker
C) increase the marginal revenue product of the marginal worker
D) increase the firm's average profit per worker
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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thanhtanrx789thanhtanrx789
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6 years ago
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