The Wage Rate That a Monopsonist Would Find Most Profitable

question 18

Multiple Choice

The wage rate that a monopsonist would find most profitable is the wage

• A)At the intersection of the marginal wage curve and the marginal cost curve.
• B)On the labor supply curve corresponding to the level of employment at which the marginal factor cost curve (for labor)intersects the labor demand curve.
• C)On the labor demand curve corresponding to the level of employment at which the marginal factor cost equals market supply.
• D)On the labor demand curve at the wage where the marginal factor cost curve intersects the demand curve for labor.

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Definitions:

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The effect or influence that a communicated message or action has on the individual or group receiving it.

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A situation of tension that exists between groups or individuals without yet manifesting in overt confrontation or disputes.