This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A monopsonist will hire labor up to the point where a. the marginal expense of labor is minimized. ... (Read 22 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jul 1, 2018
A monopsonist will hire labor up to the point where
 a. the marginal expense of labor is minimized.
  b. the marginal physical productivity of labor is maximized.
  c. the marginal expense of labor is equal to marginal revenue.
  d. the marginal expense of labor is equal to the marginal value product of labor.

Question 2

If a firm is a monopsonistic hirer of labor,
 a. its marginal expense for labor is greater than the market wage.
  b. its marginal expense for labor is equal to the market wage.
  c. its marginal expense for labor is less than the market wage.
  d. it is a price taker in the labor market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


future617RT

  • Member
  • Posts: 543
Reply 2 on: Jul 1, 2018
:D TYSM

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Stages of Labor Stages of Labor
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
Efficient Allocation of Labor between Sectors Efficient Allocation of Labor between Sectors
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
A spherical water tank with an inner radius of 4 m has its lowest point 3 m ... A spherical water tank with an inner radius of 4 m has its lowest point 3 m ...
Video: Energy sources - types

For a complete list of videos, visit our video library