For a Monopsonist Facing an Upward-Sloping Supply Curve of Labour,the

question 21

Multiple Choice

For a monopsonist facing an upward-sloping supply curve of labour,the marginal cost of labour curve

• A)intersects the value of marginal product curve of labour at the equilibrium wage rate.
• B)is below and parallel to the supply of labour curve.
• C)is identical to the supply of labour curve.
• D)is above and parallel to the supply of labour curve.
• E)is above the supply curve of labour.

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