If a Monopsonist Is Hiring Factors, It Will Choose to Hire

question 59

Multiple Choice

If a monopsonist is hiring factors, it will choose to hire that quantity of labor at which __________ and pay a wage rate that is __________.

• A)MR = MC; equal to labor's MRP
• B)the supply curve of labor intersects the demand curve for labor; equal to labor's MRP
• C)MRP = MFC; equal to labor's MRP
• D)MRP = MFC; less than labor's MRP
• E)the supply curve of labor intersects the demand curve for labor; less than MFC

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