The inverse labour demand curve of a monopsonist employer is W = 40,500 – 105L, where W is the annual salary and L is the number of workers hired. The labor supply is given by W = 10,600 + 104L.   (a) The marginal expenditure equation is ME=  . Do not include a comma in your answer. Please use capital letters (e.g. L not l) (b) To the nearest integer, the monopsonist would hire     workers and, given that number of workers, the salary they would pay is, rounded to 2 decimal places (e.g. 4.12)

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