If a Monopsonist Offers a Wage of $6, He Finds

question 39

Multiple Choice

If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the:

• A) marginal factor cost is $6.
• B) marginal factor cost is $200.
• C) total wage cost is $1,200.
• D) total wage cost is $7,200.

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Definitions:

Lapar/o

A prefix used in medical terminology to refer to the abdomen or abdominal wall.

Nasal

Pertaining to the nose, especially related to its structure, function, or conditions that affect it.

Nas/o

A prefix pertaining to the nose.

Lithotripsy

A medical procedure that uses shock waves or a laser to break down stones in the kidney, bladder, or ureter.