Multiple Choice
Which of the following statements is false?
A) For the monopsonist, marginal factor cost decreases as it buys additional units of a factor.
B) For the monopsonist, the supply curve of the factor it buys is different from the marginal factor cost curve.
C) The monopsonist buys that quantity of a factor at which marginal revenue product equals marginal factor cost.
D) The monopsonist pays its factors a dollar amount less than its marginal factor cost.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Exhibit 27-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 27-12
Q22: A possible objective of labor unions is<br>A)employment
Q23: To decrease the supply of its labor,
Q24: Labor unions have caused<br>A)the fraction of national
Q25: Exhibit 27-5<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 27-5
Q27: Exhibit 27-5<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 27-5
Q28: A monopsonist firm faces an upward sloping
Q29: Which of the following is not consistent
Q30: Exhibit 27-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 27-12
Q31: Exhibit 27-8<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 27-8