If the Supply of Labor to a Monopsonist Is Everywhere

question 76

Multiple Choice

If the supply of labor to a monopsonist is everywhere unit elastic,then the wage will equal

• A) the marginal expenditure.
• B) one-half of the marginal expenditure.
• C) the marginal revenue product of labor.
• D) one.

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Definitions:

GI Tract

stands for the gastrointestinal tract, which is the pathway starting from the mouth to the anus, including all the organs involved in digestion and absorption of food.

Absorbable Form

A type of medical or pharmaceutical product designed to be absorbed by the body, often referring to sutures or drugs.

Pruritus Ani

Itching around the anus.

Itching

An uncomfortable sensation on the skin that provokes the desire to scratch, often caused by irritation, allergies, or infections.