For a Monopsonist, the Marginal Factor Cost Curve Will Be

question 224

Multiple Choice

For a monopsonist, the marginal factor cost curve will be above the supply of labor curve. The marginal factor cost curve is above the supply curve because

• A) the monopsonist will take advantage of labor and offer them lower wages.
• B) in order for the monopsonist to sell an additional unit of the good, the price of the good must be lowered.
• C) in order for the monopsonist to hire more labor the monopsonist must also purchase more capital.
• D) the monopsonist will have to pay all workers a higher wage rate than the current wage rate if it wants to hire more workers.

---

Definitions:

G.I. Joe

A line of action figures produced by Hasbro, representing American soldiers and military characters.

Messages

Communications transmitted via various mediums, such as email, text, or spoken word, intended to inform or influence.

Sexual Harassment

Unwanted or unwelcome sexual behavior, which may include comments, gestures, or physical touching, that makes a person feel offended, humiliated, or intimidated.

Transgender

Describing or relating to a person whose gender identity does not correspond to the sex assigned to them at birth.