For a monopsonist that faces an upward- sloping labour supply curve,the marginal cost of labour curve will be the supply curve because .
A) below; the increased wage necessary to attract an extra worker is paid to that worker alone
B) below; the extra labour supplied is less capable than previous units of labour supplied
C) above; the increased wage necessary to attract an extra worker must be paid to everyone already employed
D) above; the average wage exceeds the marginal wage when the average wage is rising
E) the same as; the marginal cost of labour equals the average cost of labour
Correct Answer:
Verified
Q38: Unions currently represent employed workers in Canada.
A)less
Q39: If competitive labour market E discriminates against
Q40: FIGURE 14- 1 Suppose an island economy
Q42: The diagram below shows the supply and