The Difference Between the Marginal Expenditure and the Wage Is

question 69

Multiple Choice

The difference between the marginal expenditure and the wage is greater when the supply curve of labor is

• A) less elastic at the monopsony optimum.
• B) more elastic at the monopsony optimum.
• C) more elastic than the demand curve.
• D) The difference does not depend on any elasticity.

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