Home  >  Economics 101  >  ECON303 Final Exam - Labor Economics

Given the following information, at what point does a profit maximizing monopsonist stop hiring additional workers? Number of workers Value of Marginal Product of Labor (VMPL=P*MPL) Marginal Revenue Product of Labor (MRPL=MR*MPL) Marginal Cost 1 25 25 20 2 35 35 30 3 40 42 40 4 45 50 50

🎲 Try a Random Question  |  Total Questions in Quiz: 100  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
ECON303 Final Exam - Labor Economics — practice the complete quiz, review flashcards, or try a random question.
🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊 📊 View Stats

MCQs on Labor Economics.


Given the following information, at what point does a profit maximizing monopsonist stop hiring additional workers? <p /><table width='528' border='1' cellspacing='1' cellpadding='1' ><tbody> <tr> <td width='25%' valign='top' ><font size='2'>Number of workers </td> <td width='25%' valign='top' ><font size='2'>Value of Marginal Product of Labor (VMPL=P*MPL) </td> <td width='25%' valign='top' ><font size='2'>Marginal Revenue Product of Labor (MRPL=MR*MPL) </td> <td width='25%' valign='top' ><font size='2'>Marginal Cost </td> </tr> <tr> <td width='25%' valign='top' > <p align='center'>1 </td> <td width='25%' valign='top' > <p align='center'>25 </td> <td width='25%' valign='top' > <p align='center'>25 </td> <td width='25%' valign='top' > <p align='center'>20 </td> </tr> <tr> <td width='25%' valign='top' > <p align='center'>2 </td> <td width='25%' valign='top' > <p align='center'>35 </td> <td width='25%' valign='top' > <p align='center'>35 </td> <td width='25%' valign='top' > <p align='center'>30 </td> </tr> <tr> <td width='25%' valign='top' > <p align='center'>3 </td> <td width='25%' valign='top' > <p align='center'>40 </td> <td width='25%' valign='top' > <p align='center'>42 </td> <td width='25%' valign='top' > <p align='center'>40 </td> </tr> <tr> <td width='25%' valign='top' > <p align='center'>4 </td> <td width='25%' valign='top' > <p align='center'>45 </td> <td width='25%' valign='top' > <p align='center'>50 </td> <td width='25%' valign='top' > <p align='center'>50 </td> </tr></tbody> </table>





 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.