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.

B

Economics

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The term "factor market" applies to the market for

a. labor. b. capital. c. land. d. All of the above are correct.

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If the reserve ratio is .20, the money multiplier can be as high as

A. 20. B. 10. C. 5. D. 50.

Economics