A monopsony company has 5 employees each earning $20 an hour. The company decided to hire two a new employees at a rate of $25 an hour. The Marginal Labour Cost for employee number 6 is:     $25     $5     $20     $125     $150

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter11: Labor Markets
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A monopsony company has 5 employees each earning $20 an hour. The company decided to hire two a new employees at a rate of $25 an hour. The Marginal Labour Cost for employee number 6 is:

   

$25

   

$5

   

$20

   

$125

   

$150

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