The employment of teaching assistants (TAs) by major universities can be characterized as a monopsony. Suppose the
Question:
a. If the university takes advantage of its monopsonist position, how many TAs will it hire? What wage will it pay?
b. If, instead, the university faced an infinite supply of TAs at the annual wage level of $10,000, how many TAs would it hire?
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a The supply curve is equivalent to the average expenditure curve With a supp...View the full answer
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