Multiple Choice
A monopsonist that faces a labor supply curve of the form l = 4w and has a constant marginal revenue product of 50 per unit of l,will opt for the following,w,l combination:
A) w = 10 l = 40.
B) w = 25 l = 100.
C) w = 50 l = 200.
D) w = 100 l = 400.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: The slope of an individual's "consumption-leisure" budget
Q7: If on-the-job training provides general job skills:<br>A)the
Q8: Adoption of a guaranteed annual income with
Q10: Consider two situations: In situation A,the production
Q12: When an individual's wage rises,the income effect
Q13: Which of the following best explains why
Q14: A monopolist union that desired to maximize
Q16: If an individual is maximizing his or
Q17: The fact that more women have chosen
Q37: If a firm is a monopsonistic hirer