Question: PLEASE HELP WITH THIS Concept Question 5.2 Question Help You are given the following information about a monopsonist: The demand is P = 20 -

PLEASE HELP WITH THIS

Concept Question 5.2 Question Help You are given the following information about a monopsonist: The demand is P = 20 - 0.25Q, the average expenditure curve is AE = 0.5Q, and the marginal expenditure curve is ME = 1Q. The quantity (Q) is in thousands of units. Given the information above, how much will the monopsonist purchase, and how much will it pay? (Round your responses to two decimal places.) The monopsonist will purchase thousand units at a price of $ per unit

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