Monopsonistic Markets

Beth is an evil genius who hires workers to be her minions and carry out her dastardly deeds in a monopsonistically competitive labor market. She also wants to maximize profit.

When should Beth stop hiring workers, and how much should she pay them?

(Choice A)
the supply of labor equals the marginal revenue product of labor, and pay a wage equal to the marginal revenue product of labor
(Choice B)
the supply of labor equals the marginal revenue product of labor, and pay a wage greater than the marginal revenue product of labor
(Choice C)
stop hiring when the marginal factor cost of a worker equals the marginal revenue product of labor; pay a wage less than the marginal revenue product of labor
(Choice D)
the marginal factor cost is less than the marginal revenue product of labor, and pay a wage less than the marginal revenue product of labor.
(Choice E)
the marginal factor cost is less than the marginal revenue product of labor, and pay a wage rate greater than the marginal revenue product of labor.

Mikroekonomia - program rozszerzony

Kurs: Mikroekonomia - program rozszerzony > Rozdział 5

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