Multiple Choice
In a monopsony labor market, the employer hires the quantity of labor where the ________ equals the ________.
A) marginal revenue of labor; marginal cost of labor
B) marginal cost of labor; marginal product of labor
C) marginal product of labor; value of marginal product of labor
D) marginal cost of labor; value of marginal product of labor
Correct Answer:
Verified
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