Answered: Under monopsony, quantity of wokers…

Under monopsony, quantity of wokers employed are determined by: Demand curve Marginal Labour Cost curve Intersection of MLC and Demand curve Interesection of MLC and Supply curve Supply Curve only

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Under monopsony, quantity of wokers employed are determined by:

		Demand curve
		Marginal Labour Cost curve
		Intersection of MLC and Demand curve
		Interesection of MLC and Supply curve
		Supply Curve only

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