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A monopsonistic employers marginal resource labor

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77. A monopsonistic employer's marginal resource (labor) cost curve: A. is always more elastic than the labor supply curve. B. coincides with the labor supply curve. C. lies below the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers. D . lies above the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers. AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #77 Topic: Monopsony and imperfectly competitive labor markets 78. The critical feature of a monopsonistic labor market is that the employer: AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #78 Topic: Monopsony and imperfectly competitive labor markets 79. If a firm is a monopsonist in the hiring of both labor and capital, it will obtain the profit-maximizing quantities of labor and capital when: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #79 Topic: Monopsony and imperfectly competitive labor markets
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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: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #80 Topic: Monopsony and imperfectly competitive labor markets 81. If an employer is a monopsonist: A. its MRC curve will lie below its labor demand curve. B. its labor supply and MRC curves will coincide and be perfectly elastic. C. it must also be a monopolist in the product market. D. its labor supply curve will be upsloping and the MRC curve will lie above it. AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #81 Topic: Monopsony and imperfectly competitive labor markets Answer the next question(s) on the basis of the following supply information for a single firm in a particular labor market: McConnell - Chapter 13
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