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Exhibit 27-10 ​ Refer to Exhibit 27-10. If the Firm in the Exhibit

Question 55

Multiple Choice

Exhibit 27-10 ​
Exhibit 27-10 ​   Refer to Exhibit 27-10. If the firm in the exhibit is a monopsony, then the curve represented by the number 2 is its __________ curve, and the curve represented by the number 3 is its __________ curve. A) marginal factor cost; factor supply B) factor supply; marginal revenue product C) marginal revenue product; average total cost D) marginal cost; marginal factor cost E) factor supply; marginal factor cost
Refer to Exhibit 27-10. If the firm in the exhibit is a monopsony, then the curve represented by the number 2 is its __________ curve, and the curve represented by the number 3 is its __________ curve.


A) marginal factor cost; factor supply
B) factor supply; marginal revenue product
C) marginal revenue product; average total cost
D) marginal cost; marginal factor cost
E) factor supply; marginal factor cost

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