You are given the following information about a monopsonist:
the demand is p = 35 - 0.2...
Business, 25.11.2019 20:31, taterbuglee2003
You are given the following information about a monopsonist:
the demand is p = 35 - 0.25q
the average expenditure curve is ae = 0.5q
the market expenditure curve is me = 1q
the quantity (q) is in thousands of units. given the information, how much will the monopsonist purchase, and how much will it pay? (round answer to two decimal places)
the monopsonis will purchase thousand units at a price of $ per unit.
Answers: 3
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