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Business, 09.08.2021 20:40 heavenwagner

A monopsony can hire one worker at a wage of $5, two workers at a wage of $6 each, three workers at $7 each, and so on (each added worker adding one dollar to the wage rate). If the marginal revenue product for all workers is $16, what wage will it pay?

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A monopsony can hire one worker at a wage of $5, two workers at a wage of $6 each, three workers at...
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