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Author Question: A monopsonist will hire labor up to the point where a. the marginal expense of labor is minimized. ... (Read 65 times)

future617RT

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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.


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Sophiapenny

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


future617RT

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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