The Wage Rate That a Monopsonist Would Find Most Profitable

question 116

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.

---

Definitions:

Actual Results

The real, as opposed to projected or forecasted, outcomes of financial activity within a specific period.

Quarterly Sales

The total revenue generated from sales within a specific three-month period in a fiscal year.

Miscellaneous Expenses

Costs that are not consistently categorized among the standard costs for operation of a business, often minor in scope and irregular in occurrence.

Rent Expense

Rent Expense is the cost incurred by a company for using a property or equipment for business operations, which is recognized on the income statement.