(Answered) A monopsony has a marginal revenue product curve

Management Studies

A monopsony has a marginal revenue product curve of MRP_L = 100 - l and faces a labor supply curve of W = 1.5l. How many workers will the MONOPSONY hire?

A monopsony has a marginal revenue product curve of MRP_L = 100 - l and faces a labor supply curve of W = 1.5l. How many workers will the PRICE TAKER hire?

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