A monopsonist is currently employing 50 workers at $10 an hour. It wants to hire an additional worker, but will have to pay the worker $10.10. The marginal factor cost is

A) ten cents.
B) $10.00.
C) $10.10.
D) $15.10.


Answer: D

Economics

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Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost.

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Economics