Refer to Figure 5-1. At the market equilibrium, the deadweight loss is equal to

The opportunity cost of capital is

A) the rate of return realized on an investment. B) the rate of return that could be earned by the owner's capital were it used elsewhere. C) the rate used to calculate a firm's tax liability. D) the rate of interest the government uses to calculate legal business tax penalties.

A monopsonist is currently employing 50 workers at $10 an hour. It wants to hire an additional worker, but will have to pay the worker $10.10. The marginal factor cost is

A) ten cents. B) $10.00. C) $10.10. D) $15.10.