The Monopsonist's Marginal Factor Cost Curve for Labor Is
Above the labor supply curve because the product price is found on the demand curve above where marginal cost equals marginal revenue b. The marginal factor cost MFC of labor with the competitive equilibrium exceeds the marginal factor cost of labor in monopsony.
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And the marginal benefit is greater than the marginal cost if one chooses to pick up the 10 bill.
. The monopsonists marginal factor resource cost curve for labor is. Above the labor supply curve. Decisions Made at the Margin.
The marginal cost of picking up a 10 bill from the sidewalk is relatively low in terms of the effort expended to do so.
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