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    Microeconomics Study Set 3
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    Exam 15: Factor Markets
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    For a Monopoly,the Value of the Next Worker Equals
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For a Monopoly,the Value of the Next Worker Equals

Question 11

Question 11

Multiple Choice

For a monopoly,the value of the next worker equals


A) MR ∗ MPL.
B) (price + the effect of increased output on price) ∗ MPL.
C) P(1 + 1/e) ∗ MPL
D) All of the above.

Correct Answer:

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