Exhibit 11-13 A monopsonist's supply and marginal revenue product data
Workers
Wage Rate
MRP
1
$ 8
$50
2
9
25
3
10
20
4
11
17
5
12
16
6
13
13
Use Exhibit 11-13. What wage rate will the monopsonist pay the workers?
A. $11.
B. $13.
C. $12.
D. $16.
Answer: C
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