Which of the Following Statements Is True in Regarding to the Marginal

question 17

Multiple Choice

Which of the following statements is true in regarding to the marginal cost of labour?

• A) shows the increase in revenue received by the firm if it hires one more worker.
• B) is derived from the marginal revenue product curve.
• C) is the same as the supply curve of labour for a monopsonist.
• D) is horizontal for a perfectly competitive firm but is downward sloping for a monopsonist.
• E) is equal to the wage paid if the firm is a monopsonist.

---

Definitions:

Monogamy

A form of relationship in which an individual has only one partner during their lifetime or at any one time, a practice strongly adhered to in many cultures and societies.

Common-Law Couple

A couple living together in a relationship similar to marriage, without legally being married, recognized in some jurisdictions for certain legal purposes.

Married Couple

Two individuals joined in a legally or socially recognized marriage.

Mixed-Union Couple

A romantic couple consisting of partners from different racial, ethnic, or cultural backgrounds.