Multiple Choice
Schleppsi, a soft drink maker, is a monopsonist in the county where it manufactures all of the Diet Schleppsi it produces. Suppose the current daily labor cost to the firm is $35,000 with 99 workers and the total wage cost with 100 workers would be $36,000. What will the market wage be if Schleppsi hires the 100th worker?
A) $35.
B) $36.
C) $100.
D) $350.
E) $360.
Correct Answer:
Verified
Correct Answer:
Verified
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