For a profit-maximizing monopsonist (only person hiring), they will hire labor until the MCE=MRPE. Consult the following table which I have started to fill out. What is the optimal number of workers for this firm to hire if their product sells for $15. Workers 0 1 2 3 4 5 Wage MCE 0 3 9 21 30 39 3 15 *** ... *** Product/hour Revenue $0 $75 $135 0 5 9 12 14 15 ... *** *** MPE MRPE N/A N/A 5 75 4 60 *** *** *** *** ... www

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