Suppose That a Monopsonist Increases the Number of Workers Hired

question 115

Multiple Choice

Suppose that a monopsonist increases the number of workers hired from 10 to 11.If the market wage increases from $20 per worker to $21 per worker, the marginal factor cost for the eleventh worker is:

• A) $20.
• B) $21.
• C) $31.
• D) $231.