Information about a monopsonist

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Reference no: EM13886560

You are given the following information about a monopsonist:

The demand is P = 35 - 0.25Q

The average expenditure curve is AE = 0.5Q

The market expenditure curve is ME = 1Q

The quantity (Q) is in thousands of units. Given the information, how much will the monopsonist purchase, and how much will it pay? (Round answer to two decimal places)

The monopsonist will purchase ___ thousand units at a price of $___ per unit.

Reference no: EM13886560

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