Workers Marginal Factor Wage Rate Cost (MFC) 0 $9 1 $10 23 $11 [A] $12 [B]...

 

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Workers Marginal Factor Wage Rate Cost (MFC) 0 $9 1 $10 23 $11 [A] $12 [B] 4 $13 [C] 5 $14 [D] 9 $15 [E] Assume the above table describes the supply schedule of labor for a monopsony. What is the marginal factor cost (MFC) of the 4th worker (i.e. find value [C] in the table above). Workers Marginal Factor Wage Rate Cost (MFC) 0 $9 1 $10 23 $11 [A] $12 [B] 4 $13 [C] 5 $14 [D] 9 $15 [E] Assume the above table describes the supply schedule of labor for a monopsony. What is the marginal factor cost (MFC) of the 4th worker (i.e. find value [C] in the table above).