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Demand for Labor-Monopsony Power

When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average salary of $700 per week per worker. (ii) Seventy workers and it pay net salaries of $28,000 per week (iii) Seventy workers at an average salary of $200 per week per worker. (iv) Forty workers and it pay net salaries of $16,000 per week. (v) Seventy workers and it pay net salaries of $17,000 per week.

Find out the right answer from the above options.

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