Because the Labor Supply Curve for a Monopsonist Is Upward

question 96

Multiple Choice

Because the labor supply curve for a monopsonist is upward sloping,the monopsonist

• A) hires zero units of labor.
• B) chooses the perfectly competitive quantity of labor.
• C) must increase the wage to attract more units of labor.
• D) must take the wage as given by the market.

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Definitions:

Warm Up

The practice of preparing the body for physical activity by gradually increasing the heart rate and circulation; this also loosens the joints and increases blood flow to the muscles.

Stretching

A form of physical exercise aimed at improving flexibility and muscle elasticity by lengthening specific muscles or tendons.

Sex Differences

Variations in characteristics, behaviors, or conditions between males and females, often influenced by biological, psychological, or social factors.

Flexibility

The ability of a joint or series of joints to move through an unrestricted, pain-free range of motion.