Which of the Following Statements Is False

question 26

Multiple Choice

Which of the following statements is false?

• A)For the monopsonist, marginal factor cost decreases as it buys additional units of a factor.
• B)For the monopsonist, the supply curve of the factor it buys is different from the marginal factor cost curve.
• C)The monopsonist buys that quantity of a factor at which marginal revenue product equals marginal factor cost.
• D)The monopsonist pays its factors a dollar amount less than its marginal factor cost.

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Definitions:

Psychosocial Risk Factors

Elements in a person's social and psychological environment that can increase their likelihood of developing a psychological disorder.

Hypertension

A chronic medical condition where the blood pressure in the arteries is persistently elevated, also known as high blood pressure.

Heart Attack

A medical emergency involving the blockage of blood flow to the heart muscle, often caused by a blood clot, leading to tissue damage or death.

Stroke

A medical condition that occurs when the blood supply to part of the brain is interrupted or reduced, causing brain cells to die, which can lead to lasting brain damage, long-term disability, or death.