For a Monopsonist That Faces an Upward-Sloping Labour Supply Curve,the

question 80

Multiple Choice

For a monopsonist that faces an upward-sloping labour supply curve,the marginal cost of labour curve will be ________ the supply curve because ________.

• A)below; the increased wage necessary to attract an extra worker is paid to that worker alone
• B)above; the increased wage necessary to attract an extra worker must be paid to everyone already employed
• C)above; the average wage exceeds the marginal wage when the average wage is rising
• D)the same as; the marginal cost of labour equals the average cost of labour
• E)below; the extra labour supplied is less capable than previous units of labour supplied

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Definitions:

Exotic Species

Non-native species introduced to a new environment where they do not naturally occur, potentially causing ecological disruption.

Pioneer Species

Species that can colonize a new habitat.

Keystone Species

A species that has a disproportionately large effect on community structure relative to its abundance.

Evolved

The process through which species undergo changes over time, often through genetic variation and natural selection, leading to adaptations and diversity among organisms.