If the money supply is $200 million, the reserve requirement is 20%, and currency holding $10 million, then reserves are

Entrepreneurs bring together the factors of production to produce goods and services

Indicate whether the statement is true or false

Which of the following is not correct?

A. Other things equal, a monopsonist will pay a lower wage rate than will a firm hiring labor competitively. B. A monopsonistic employer will pay workers a wage rate equal to their MRP. C. A purely competitive seller will pay workers a wage rate equal to their MRP. D. An imperfectly competitive seller will employ additional workers as long as the MRP of additional workers exceeds their MRC.