The profit-maximizing quantity of labor that a monopsonist will hire is

0 votes
    the quantity of labor where the average expenditure for labor is equal to the marginal revenue product of labor.
     the quantity where the marginal expenditure for the last unit of labor is equal to the marginal revenue product of labor.
     where the wage is equal to the marginal revenue product of labor.
     the quantity of labor where the wage, the marginal expenditure for labor and the marginal revenue product of labor are equal.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
the quantity where the marginal expenditure for the last unit of labor is equal to the marginal revenue product of labor.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

Related questions

0 votes
1 answer 16 views



...