Exhibit 11-14 Labor Cost Data for a Monopsonist -In Exhibit 11-14, the Monopsonist Will Maximize Profits by Hiring

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, the monopsonist will maximize profits by hiring how many workers?

A) 10.
B) 20.
C) 30.
D) 40.
E) Unable to determine from the information given.

Correct Answer:

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