Suppose a monopsonist currently employs 100 workers at a wage of $400 per week. If the firm wants to expand employment to 110 workers, and the 110th worker will only work for $450 per week, what is the approximate marginal factor cost of the 110th worker?
a. $450 per week.
b. $5,500 per week.
c. $950 per week.
d. $9,500 per week.
e. $49,500 per week.
c
Economics
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