54.A local hospital hires operating room nurses in a monopsonistic labor market. The amount paid to these nurses
is less than the value of their marginal product.
is more than the value of their marginal product.
is equal to the value of their marginal product.
is double the value of their marginal product.
is fixed by the government
anddd
55.If there are positive externalities involved with the delivery or consumption of a product, the level of output will be
more than the efficient amount of production.
equal to the efficient amount of production.
less than the efficient amount of production.
dictated by public demand.
decided by the imposition of government quota.
