Suppose a Monopsonist Must Pay $10 Per Hour to Attract

question 26

Multiple Choice

Suppose a monopsonist must pay $10 per hour to attract 10 workers.If the same monopsonist must raise its wage to $11 per hour to attract the 11^th worker,what is its marginal factor cost for labor?

• A)$121 per hour.
• B)$21 per hour.
• C)$11 per hour.
• D)$10 per hour.

Recognize the principles of equity theory, including inputs, outcomes, and the concept of fairness in comparison with others.

Identify the various motivation models and how they explain motivation in organizational settings.

Determine how expectancy and equity theories apply in cultural contexts and organizational practices.

Analyze how organizations can apply motivation theories to enhance employee motivation and performance.

---

Definitions:

Occupational Safety

The discipline focused on the safety, health, and welfare of people engaged in work or employment.

Interstate Commerce

Commercial trade, business, movement of goods or money, or transportation from one state to another, regulated by the federal government.

Workers' Compensation System

A statutory framework designed to provide financial compensation, medical care, and benefits to employees who suffer job-related injuries or illnesses.

Unconstitutional

A law or action is deemed unconstitutional if it violates the principles or stipulations of the Constitution.