If the supply of labor to a monopsonist is everywhere unit elastic,then the wage will equal
A) the marginal expenditure.
B) one-half of the marginal expenditure.
C) the marginal revenue product of labor.
D) one.

Question

Quizplus · Accepted Answer

The Answer of If the supply of labor to a monopsonist is everywhere unit elastic,then the wage will equal
A) the marginal expenditure.
B) one-half of the marginal expenditure.
C) the marginal revenue product of labor.
D) one.

If the Supply of Labor to a Monopsonist Is Everywhere