For a Monopsonist That Faces an Upward- Sloping Labour Supply

question 12

Multiple Choice

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

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

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