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Subject - Economics:

Microeconomics

MCQ - 160-4170

Question:

A monopsony employer hires labor up to the point where

  1. Wage = Marginal factor cost.
  2. Marginal factor cost = Marginal product of labor
  3. Marginal factor cost = Marginal revenue product of labor
  4. Marginal factor cost = Marginal product of labor
  5. Wage = Price of the good produced by the labor

Correct Answer: C

Explanation:

The monopsony hiring decision.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: A monopsony employer hires labor up to the point where , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 160-4170.

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