Part (b)shows that when the producer has monopoly power, the marginal value of a worker Vy is greater than the wage w- Thus too few workers are employed.(Point B determines the quantity of labor that the firm hires and the wage rate paid.) Part (b) shows that when the producer has monopoly power, the marginal value of a worker VM is greater than the wage wM. Thus too few workers are employed. (Point B determines the quantity of labor that the firm hires and the wage rate paid.)