Amonopsonist faces a labor supply curve given by ls , Ask an Expert

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A monopsonist faces a labor supply curve given by Ls = −300 + 0.01ω , where ω is the annual salary. In general, the marginal cost of hiring additional labour for this firm is given by MFCL = 29,900 + 200L. If the firm’s labour demand curve is given by Ld = 398 − 0.01ω . above these information, in monopsonist, to profit maximizing , is L_d=MRP? if yes, can explain for me.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91996403

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