If a Firm Is a Monopsonist in the Hiring of Both

question 165

Multiple Choice

If a firm is a monopsonist in the hiring of both labor and capital, it will obtain the profit-maximizing quantities of labor and capital when

• A)\(\mathrm{MRP} _{L} / P_{L}=\mathrm{MRP} C / P C=1\)
• B)\(\mathrm{MRP}_{L} / \mathrm{MRC} L=\mathrm{MRP}_{C} / \mathrm{MRC} _{C}=1 .\)
• C) the MRP of labor equals the MRP of capital.
• D) the MRC of labor equals the MRC of capital.

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