A monopsonist that faces a labor supply curve of the form l = 4w and has a constant marginal revenue product of 50 per unit of l, will opt for the following, w, l combination:
a. w = 10 l = 40.
b. w = 25 l = 100.
c. w = 50 l = 200.
d. w = 100 l = 400.
b
Economics
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