In Figure 31

question 10

Multiple Choice

In Figure 31.2,what is the difference between the marginal revenue product of the last worker hired by the monopsonist and the wages the monopsonist pays the last worker?

• A)$3 per hour.
• B)$5 per hour.
• C)$4 per hour.
• D)$2 per hour.

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Definitions:

Actual Delivery

The physical transfer of a security or commodity from seller to buyer, which finalizes the transaction process.

Result

The outcome or conclusion of a process, experiment, or event, often used to assess performance or effectiveness.

Percentage

A portion or share expressed as a fraction of 100.

Hedge

An investment strategy used to offset potential losses or gains that may be incurred by a companion investment.