Determine the providers equilibrium wage

Reference no: EM1369446

The provider is assumed to maximize profits. Determine the providers equilibrium wage and how many nursing units it will hire. The provider is a monopsonist, which means it is the sole purchaser of labor in the market. Clinic visit $2 revenue/visit labor supply function
wage/hr. Quantity of nurses Total clinic Visits
2 1 5
4 2 9
6 3 12
8 4 14
10 5 15
12 6

Reference no: EM1369446

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