The monopsony will hire the amount of labor so that the
A) demand for labor equals supply for labor.
B) value of marginal product of labor equals the wage rate.
C) value of marginal product of labor equals the marginal cost of labor.
D) supply for labor equals the wage rate.
C
Economics
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The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is
A) 200. B) 155. C) 445. D) 45.
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Other things the same, as the price level rises,
a. the dollar depreciates. b. the interest rate falls. c. people feel less wealthy. d. All of the above are correct.
Economics