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

question 110

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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