Question: lVVeek 12 Homework Table below shows information from the supply curve for labor for a monopsonist, that is, the wage rate required at each level

lVVeek 12 Homework Table below shows information from the supply curve for labor for a monopsonist, that is, the wage rate required at each level of employment Labor Employed Wage in $ Marginal Cost 1 1 2 3 3 5 4 7 S 9 6 1 1 a. Fill up the column in the table showing the monopsonist's marginal cost of labor at each level of employment? b. If each unit of labor's marginal revenue product is $13, what is the firm's prot maximizing level of employment and wage? c. If the labor's marginal revenue product increase to $17, what is the rm's prot maximizing level of employment and wage

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