Suppose That a Monopsonist Increases the Number of Workers Hired

question 56

Multiple Choice

Suppose that a monopsonist increases the number of workers hired from 10 to 11.If the market wage increases from $10 per worker to $11 per worker, the marginal factor cost for the eleventh worker is:

• A) $11.
• B) $21.
• C) $100.
• D) $121.

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Definitions:

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