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:

Cognitive Therapy

A form of psychotherapy that emphasizes the identification and restructuring of distorted thought patterns.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and the application of learning principles.

Stress Inoculation Training

A form of cognitive-behavioral therapy designed to help individuals build skills to handle stressful situations more effectively.

Negative Self-talk

The act of engaging in critical or disparaging internal conversation with oneself, which can affect one's mood and self-esteem negatively.