The Monopsonist's Marginal Input Cost Is Greater Than Its Average

question 56

Multiple Choice

The monopsonist's marginal input cost is greater than its average input cost because:

• A)the firm must increase the price it is willing to pay,to increase employment of an input.
• B)the monopsonist does not have discretion over the price of the input.
• C)the marginal revenue product of labor increases as the number of workers hired increases.
• D)the monopsonist faces a downward-sloping input demand curve.

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