The Following Figure Represents the Equilibrium in the Labor Market

question 49

Multiple Choice

The following figure represents the equilibrium in the labor market.Figure 14.4
In the figure,
MFC: Marginal Factor Cost curve
D: Demand or the Marginal Revenue Product curve
S: Supply curve
-A monopsonist firm pays a price to a factor that is:

• A)equal to the marginal revenue product of the factor.
• B)greater than the marginal revenue product of the factor.
• C)equal to the marginal factor cost.
• D)greater than the marginal factor cost.
• E)less than the marginal revenue product of the factor.

Reflect on personal experiences of embarrassment and identify the discredited identity.

Analyze strategies for face-saving in awkward social situations.

Recognize the role of social context in influencing identity expression and coping mechanisms.

Evaluate the outcomes of employing different strategies to manage discredited identities.