Question: Hello I need help with this assignment (05.04) Option 2 (g) If Moja lost its factor market power and the labor market became competitive with

Hello I need help with this assignment (05.04)

Option 2 (g) If Moja lost its factor market power and the labor market became competitive with no effect Moja is a monopsonist in its labor market, the graph for which is shown below. on the total labor supply, what would be the profit-maximizing total factor cost for labor? (h) The price of the good that Moja sells in the product market significantly increases due to increased product demand. Ignoring the values on the axes, copy the labor market graph above MRC and illustrate the effect of this change on the labor market. Wage (i) As a result of the change from part (b), would Moja spend more, less, or the same on labor? $16 Explain. () Based on the information given, what can be determined, if anything, about the product market structure that Moja operates in? Explain. $10 $8 MRP 30 50 100 140 200 Quantity of Labour (a) What is the profit-maximizing quantity of labor for Moja? (b) What is the profit-maximizing wage rate that Moja will pay? (c) How many units of labor are unemployed because of Moja's lack of competition in the labor market? (d) According to economists, what is the primary reason that the marginal revenue product is downward sloping? (e) What is the deadweight loss that results from Moja's monopsony on the labor market? (f) Assume that Moja's fixed cost is $150 and labor is its only variable cost, If it is earning normal profits, what is its total revenue in the product market

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