Multiple Choice
Two employers pay a wage of $10 an hour.Employer A is a monopsony while Employer B hires in a competitive labor market.Both firms sell their output in competitive markets.Which of the following will be true?
A) The marginal worker in both firms will add the same to the firm's revenue.
B) If a worker left employer A and joined employer B, the economy would be better off.
C) Employer A has a higher average wage cost per worker than Employer B.
D) It will cost employer A more to hire another worker.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Most colleges pay teachers different salaries in
Q28: A firm is currently employing 10 workers.To
Q29: The use of an internal labor market
Q30: "An employer will not invest in general
Q31: Workers with firm-specific training are _ likely
Q33: A monopsony can hire one worker at
Q34: A reserve clause binds a professional athlete
Q35: Is an employer's unemployment insurance payroll-tax liability
Q36: Two employers,A and B,pay the same wage
Q37: Training costs<br>A) exclude opportunity costs of trainees'