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Managerial Economics · Quiz 2 · 12 Apr 2026 · January 2026 term

Question 27: What wage rate (per hour) would the monopsonist pay, to …

Question 27

+2 marksNumerical answer

Based on the above data, answer the given subquestions.

What wage rate (per hour) would the monopsonist pay, to maximize profit?
w*= _____________

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Correct answer: 26

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Question 27 of 27 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 12 Apr 2026, in the January 2026 term (Managerial Economics 06 Apr 26). It carries 2 marks.

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