To a Monopsonist in a Labour Market,the Average Cost Curve

question 49

Multiple Choice

To a monopsonist in a labour market,the average cost curve of labour

• A)lies above the supply curve of labour.
• B)lies below the supply curve of labour.
• C)is the supply curve of labour,which lies below the marginal cost curve for labour.
• D)is the marginal cost curve of labour when the supply curve is upward sloping.
• E)coincides with the marginal cost curve of labour only below the profit-maximizing wage rate.

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