Let labour is the only variable input, a monopsonist maximizes his or her profit when

Related MCQs

• To minimize cost of production at any level of output the monopsonist should continue to substitute labour and capital until
• A profit maximizing firm under a perfectly competitive market employs more and more variable input labour until
• A perfectly competitive firm gets only normal profit when
• Which of the following condition are met in the long run equilibrium of the monopolistic competitor earning only normal profit
• If the hourly wage is Rs.10, and the firm produces 5 additional units of the commodity with an additional hour of labour time, then marginal cost is
• The demand curve for labour under perfectly competitive market is
• Total profit is maximum when
• Zero economic profit arises in the long run in the case of
• Zero economic profit includes
• Under monopolistic competition, super normal profit arise when