Use the following figure to answer the question : Figure 16-2 :shows the marginal cost [MC],average cost [AC],and demand [D] curves for a monopsonist in the labor market.![Use the following figure to answer the question : Figure 16-2 :shows the marginal cost [MC],average cost [AC],and demand [D] curves for a monopsonist in the labor market. -Refer to Figure 16-2.The firm will move from point B to point C when: A) the price of capital increases. B) the total output produced increases. C) the total output produced falls. D) the price of labor increases.](https://d2lvgg3v3hfg70.cloudfront.net/TB1826/11ea857e_d7d3_b285_a433_0dfa6d60a63c_TB1826_00_TB1826_00.jpg)
-Refer to Figure 16-2.The firm will move from point B to point C when:
A) the price of capital increases.
B) the total output produced increases.
C) the total output produced falls.
D) the price of labor increases.
Correct Answer:
Verified
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