Multiple Choice
Suppose Alcoa, Inc. is a monopsonist employer in the town of Alcoa, TN. Using the concept of marginal factor cost, each time Alcoa increases the number of workers it hires, it will pay a _____, marginal factor cost.
A) higher wage, resulting in an even higher
B) higher wage but lead to a lower
C) lower wage, resulting in a lower
D) lower wage but lead to a higher
Correct Answer:
Verified
Correct Answer:
Verified
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