Question $10$

Problem $3$ b: Answer the following questions, referencing the completed Monopsony Table in the previous question.

$(1)$ Equilibrium: What will be the equilibrium marginal labor $($resource$)$ cost to the firm for the last worker hired? $\backslash (\backslash$$ $\backslash )$

$(2)$ Monopsony Wage $\backslash$& Employment: The monopsonist will hire workers and pay a wage of $\backslash$$

$(3)$ Pure Competition Wage $\backslash$& Employment: If this firm hired workers in a purely competitive labor market, it would hire workers and pay a wage of $\backslash$$ $12$

Question $11$