Use the Figure Below to Answer the Following Questions

question 65

Multiple Choice

Use the figure below to answer the following questions. Figure 17.3.1
-Refer to Figure 17.3.1.This figure shows the value of marginal product of labour curve,the labour supply curve,and the marginal cost of labour curve.If this labour market is controlled by a monopsony,then the monopsonist

• A)pays a wage rate that is greater than the value of marginal product of labour.
• B)pays a wage rate exactly equal to the value of marginal product of labour.
• C)pays a wage rate that is less than the value of marginal product of labour.
• D)employs more labour hours per week than a competitive labour market.
• E)pays a wage equal to the marginal cost of labour.

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