Monopsonist Marginal Resource Cost
A monopsonist’s labor supply is described by the function L = 2w - 10, where L is the quantity of labor and w is the hourly wage. Given that the marginal revenue product of labor is constant at $40, what is the marginal resource cost of the 10th worker?
A
$20
B
$40
C
$15
D
$10
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