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
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Managing the earth’s resources to ensure their quality and abundance for future generations is known as
a. environmental quality c. sustainable development b. ecological preservation d. biodiversity
Use the following graph to answer the next question. 
The economy is at equilibrium at point B. What would expansionary fiscal policy do?
A. Move the economy from point B towards point C. B. Move the economy from point B towards point A. C. Move the economy from point B downward along AD2. D. Move the economy from point B upward along AD2.
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. Baseball teams know more about the health of free-agent pitchers than the pitchers themselves.
Answer the following statement true (T) or false (F)
Use the following table to answer the next question.OutputAverage Fixed CostAverage Variable CostAverage Total CostMarginal Cost1$300$100$400$1002150752255031007017060475731488056080140110650901401407431031461808381191562309331381712901030160190360The table shows cost data for a perfectly competitive firm. If the market price for the firm's product is $80, the firm will
A. produce 5 units to maximize profits. B. produce 6 units to maximize profits. C. produce 4 units to maximize profits. D. shut down.