If a Firm Is a Monopsonistic Hirer of Labor

question 37

Multiple Choice

If a firm is a monopsonistic hirer of labor,

• A)its marginal expense for labor is greater than the market wage.
• B)its marginal expense for labor is equal to the market wage.
• C)its marginal expense for labor is less than the market wage.
• D)it is a price taker in the labor market.

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Definitions:

Intuitive-Type

Individuals who rely more on intuition and subjective interpretation than on systematic planning and objective analysis.

Thinking-Type

A classification in personality theory referring to individuals who prioritize logic and objective criteria in decision-making over personal feelings or values.

Feeling-Type

Refers to a personality disposition that prioritizes emotions and values in decision-making processes.

Work Related Stressors

Factors or conditions in the workplace that cause stress, affecting employee health and productivity.