"A monopsonist faces a market labor supply curve w = 20 + L, where w is the wage rate and Lis the number of workers employed. If the firms labor demand curve is w = 200 − 4L, what isthe optimal wage rate

"A monopsonist faces a market labor supply curve w = 20 + L, where w is the wage rate and Lis the number of workers employed. If the firms labor demand curve is w = 200 − 4L, what isthe optimal wage rate and quantity of labor employed?" w = 50 and L = 30

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"A monopsonist faces a market labor supply curve w = 20 + L, where w is the wage rate and Lis the number of workers employed. If the firms labor demand curve is w = 200 − 4…

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