The MFC Curve Increases for a Monopsonist Because

question 17

Multiple Choice

The MFC curve increases for a monopsonist because:

• A) hiring more workers raises total labor costs.
• B) output price rises as a firm's market power increases.
• C) hiring more workers does not affect wages.
• D) the later workers hired are less productive.
• E) as more workers are hired, all workers receive higher wages.