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:

Clergy

Individuals ordained for religious duties in Christian and other religious traditions, playing vital roles in spiritual guidance, worship, and community leadership.

Nobility

A class of individuals in various societies who hold noble titles or ranks, often inherited, and are typically involved in governance or given ceremonious duties.

King of the French

The title used by the monarchs of France from the July Monarchy of 1830 until the beginning of the Second French Republic in 1848, emphasizing their role as the leader of the French people rather than the sole ruler of France.