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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According to this Application, if you are unemployed and if your peer group is also unemployed
A) you may not be as aggressive in searching for work. B) you have a better chance of finding employment. C) you will want to find a job quickly to encourage your peer group about employment prospects. D) you have little chance of finding a job.
Economics
What factors can push the real wage rate above its equilibrium level? Briefly explain each factor
What will be an ideal response?
Economics