The marginal factor cost for labor is
A) The change in total costs that results from a one-unit increase in the quantity of a factor employed.
B) The net gain to a monopolist seller of labor if an additional unit of labor is hired.
C) The demand for labor.
D) The supply of labor.
Correct Answer:
Verified
Q43: The distinguishing characteristic of labor market monopsonies
Q44: A monopsonist must pay a higher net
Q45: Suppose a firm finds that it must
Q46: Over the last 10 years in the
Q47: In the last 10 years,private union membership
Q49: All of the following are true for
Q50: Private sector unionization in the United States
Q51: A monopsony
A)Is a market in which there
Q52: The current unionization rate for the U.S.labor
Q53: The current private sector unionization rate in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents