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BenAff BenAff
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5 years ago
The figure supports all of the following statements regarding the marginal factor cost curve for a monopsonist EXCEPT




• a monopsonist cannot find the profit-maximizing quantity of labor demanded at E.

• the intersection of MFC with MRP, at point E, determines the number of workers hired.

• the marginal benefit of hiring additional workers is given by the firm's MRP curve.

• the monopsonist firm looks at a marginal cost curve, MFC, which slopes upward and is above its labor supply curve.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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JlynnJlynn
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5 years ago
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BenAff Author
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5 years ago
Thank you
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