APFIVE Monopsonist Marginal Resource Cost
A monopsonist employer faces the following labor supply function: L = 2w - 10, where L is the number of workers and w is the hourly wage. If the marginal revenue product is constant at $40, what is the marginal resource cost of the 10th worker?
A
$10
B
$20
C
$15
D
$40
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