Answered You can hire a professional tutor to get the answer.
Suppose that output market is in a perfect competition with the price of $10 per unit and input market is a monopsony with the following information...
Suppose that output market is in a perfect competition with the price of $10 per unit and input market is a monopsony with the following information assuming that labor is the only input.
L MP W
1 20 20
2 18 40
3 16 60
4 14 80
5 12 100
6 10 120
7