If a firm is hiring variable resources d and f in

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80. If a firm is hiring variable resources D and F in imperfectly competitive input markets, it will maximize profits by employing D and F in such quantifies that: A. MRP D /MRC D = MRP F /MRC F = 1. B. MRP D /MRC D = MRP F /MRC F . C. MRP D / P D = MRP F / P F = 1. D. MRP D / P D = MRP F / P F . 81. If an employer is a monopsonist:
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Answer the next question(s) on the basis of the following supply information for a single firm in a particular labor market: 82. Refer to the above information. This labor supply curve demonstrates that: 83. Refer to the above information. The marginal resource (labor) cost of the third worker is: 84. Empirical studies suggest that, other things equal, the smaller the number of hospitals in a city, the lower are nurses' wages. This is evidence that: A. the labor markets of nurses are purely competitive. B. hospitals may possess some degree of monopsony power. C. the minimum wage does not apply to nurses. D. labor unions have been ineffective in increasing the wages of nurses. 85. If the above diagram was relevant to an individual firm, we could conclude that the firm is: 86. Refer to the above diagram. The MRC curve lies above the labor supply curve because: 87. Refer to the above diagram. Assuming no union or relevant minimum wage, the firm represented will hire:
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