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alockridge95 alockridge95
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6 years ago
For a monopsonist, marginal factor cost exceeds the wage rate since
A) more workers have to be paid the prevailing wage rate.
B) the supply of labor is perfectly elastic.
C) when new workers are hired the wage rate must be increased for all workers and not just for the additional workers.
D) the labor demand is downward sloping.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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piepie
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6 years ago
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alockridge95 Author
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#2
6 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
pie
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#3
6 years ago
That helps more than you thinks, thanks for being so thoughtful
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