Exhibit 11-14 Labor Cost Data for a Monopsonist -In Exhibit 11-14, When the Monopsonist Hires 30 Workers, Total

Exhibit 11-14 Labor cost data for a monopsonist $$\begin{array} { | c | c | } \hline \text { Wage Rate } & \begin{array} { c } \text { Number of } \\\text { Workers }\end{array} \\\hline \$ 0 & 0 \\5 & 10 \\8 & 20 \\12 & 30 \\16 & 40 \\\hline\end{array}$$
-In Exhibit 11-14, when the monopsonist hires 30 workers, total wage cost is:

A) $12.
B) $30.
C) $360.
D) $480.
E) $640.

Correct Answer:

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