A monopsonist that wants to hire more labor must pay more for the new labor than it is currently paying and increase the wage rate of all existing employees because
A) the demand curve for labor is inelastic.
B) of labor unions.
C) the supply of labor is upward sloping.
D) of competition in the labor market.
C
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Which factor of production is paid "interest"?
A) land B) labor C) capital D) entrepreneurship E) human capital
The marginal propensity to consume is always
a. a negative number b. larger than 1.0 c. larger than 10 d. greater than zero and less than 0.5 e. greater than zero and less than 1.0
If the budget line rotates, then we know that
A) income has changed. B) their has been a change in the consumer's tastes. C) the price of one of the goods had changed. D) the consumer was not maximizing their utility.
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm's short-run supply curve is the firm?s
A. marginal cost curve above Point A. B. AVC curve to the right of Point B. C. marginal cost curve above Point B. D. marginal cost curve above Point D.