Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
zer0latency zer0latency
wrote...
Go to Answer
Posts: 133
Rep: 0 0
A year ago
Suppose your firm is a monopsonist hiring only one variable input. If you want to maximize profits, you will purchase that variable input up to the point where the

▸ cost of the input equals the profit generated by the employment of that input.

▸ MRP curve for the input intersects the marginal cost curve for the input.

▸ wage rate is the highest.

▸ marginal product of that input equals the price of one unit of the input.

▸ demand curve intersects the supply curve of the input.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 29 times
1 Reply
Replies
Answer verified by a subject expert
oth987oth987
wrote...
#1
Posts: 137
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

zer0latency Author
wrote...

A year ago
This site is awesome
kobbhy
wrote...

Yesterday
Thanks
branbran2k16
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1266 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 206
  
 695
  
 419
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145
Previous poll results: Where do you get your textbooks?