Thank you for visiting Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of 75 per day If the market wage is now. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Given:
marginal factor cost of 75 per day after hiring 2nd worker.
market wage is now 62.50 per day for both workers.
62.50 x 2 workers = 125
125 - 75 marginal factor cost = 50
The first employee earns 50 per day when she worked alone.
marginal factor cost of 75 per day after hiring 2nd worker.
market wage is now 62.50 per day for both workers.
62.50 x 2 workers = 125
125 - 75 marginal factor cost = 50
The first employee earns 50 per day when she worked alone.
Thank you for reading the article Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of 75 per day If the market wage is now. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
- You are operating a recreational vessel less than 39 4 feet long on federally controlled waters Which of the following is a legal sound device
- Which step should a food worker complete to prevent cross contact when preparing and serving an allergen free meal A Clean and sanitize all surfaces
- For one month Siera calculated her hometown s average high temperature in degrees Fahrenheit She wants to convert that temperature from degrees Fahrenheit to degrees
Rewritten by : Jeany
