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Author Question: A monopsony maximizes its profit by hiring the level of employment that sets A) labor supply ... (Read 63 times)

Pineapplelove6

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on: Jun 29, 2018
A monopsony maximizes its profit by hiring the level of employment that sets
 
  A) labor supply equal to labor demand.
  B) the value of marginal product equal to the wage.
  C) the value of marginal product equal to the marginal cost of labor.
  D) the value of marginal product equal to the demand for labor.

Question 2

When a nation is producing the allocatively efficient quantity of a product, the marginal benefit of producing the good equals the marginal cost of producing that good.
 
  Indicate whether the statement is true or false


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kjo;oj

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Pineapplelove6

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

isabelt_18

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Reply 3 on: Yesterday
Excellent

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