Question: A monopsonist faces the following demand curve for their product: and the following labor supply curve: If the firm does not mark-up the price over

A monopsonist faces the following demand curve for their product:

and the following labor supply curve:

If the firm does not mark-up the price over marginal cost, what is the profit-maximizing wage rate when average labor productivity is 6?

P = 200.02 Q W = 20+0.04 x L

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