Use the Following Figure to Answer the Question

question 22

Multiple Choice

Use the following figure to answer the question : Figure 16-2 :shows the marginal cost [MC],average cost [AC],and demand [D] curves for a monopsonist in the labor market.

-Refer to Figure 16-2.The firm will move from point B to point C when:

• A)the price of capital increases.
• B)the total output produced increases.
• C)the total output produced falls.
• D)the price of labor increases.

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Definitions:

Political Unrest

Situations of disorder or instability in a political context, which can impact businesses by disrupting operations, supply chains, or markets.

Aging Population

The demographic trend characterized by an increase in the proportion of elderly people in the population, often leading to shifts in healthcare, pension, and labor market policies.

Electronically Submit

The process of sending or filing documents using electronic means such as email or online forms.