Question: May I please get assistance with these questions? Question Completion Status: Moving to the next question prevents changes to this answer. Question 3 Consider the

May I please get assistance with these questions?

May I please get assistance with these questions? Question Completion Status: Moving

Question Completion Status: Moving to the next question prevents changes to this answer. Question 3 Consider the following information, to answer the questions that follow: Demand for labour: w=300-10L Average factor cost (AFC) curve: w= 180+10L Marginal factor cost: MFC= 180+20L 1.1 Calculate the wage rate and employment levels for a perfectly competitive market Wage rate=R Employment levels= workers 1.2 Calculate the wage rate and employment levels for a Monopsonist Wage rate=R Employment levels= workers 1.3 Suppose government decides to implement a minimum wage of R250. Calculate the new level of employment Employment levels= workers

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