The MFC curve increases for a monopsonist because:
a. hiring more workers raises total labor costs.
b. output price rises as a firm's market power increases.
c. hiring more workers does not affect wages.
d. the later workers hired are less productive.
e. as more workers are hired, all workers receive higher wages.
e
Economics
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According to the text, which of the following is true?
A) Scientists can prove a hypothesis is true. B) Scientists can show that a hypothesis is false. C) Economists really don't try to use the scientific method. D) None of the above is true.
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Why might a developing country choose to peg the value of its currency to the dollar?
What will be an ideal response?
Economics