A Monopsonist Is Currently Employing 50 Workers at $10 an Hour

question 147

Multiple Choice

A monopsonist is currently employing 50 workers at $10 an hour. It wants to hire an additional worker, but will have to pay the worker $10.10. The marginal factor cost is

• A) ten cents.
• B) $10.00.
• C) $10.10.
• D) $15.10.

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Definitions:

Food Portions

The amounts or sizes of individual servings of food, important for dietary control and nutrition.

Unhealthy Foods

Foods that are high in harmful nutrients like added sugar and trans fats, often leading to negative health effects.

Primary Teeth

are the first set of teeth in human development, often referred to as baby teeth or milk teeth, critical for chewing, speaking, and keeping space for permanent teeth.

Facial Bones

The bones that structure the human face, including the jaw, cheekbones, nasal bones, and forehead.