A monopsony owner believes that hiring an additional worker would increase the company's revenue by $150 per day. We can conclude that the monopsony pays its workers:
a. more than $150 per day.
b. exactly $150 per day.
c. less than $150 per day.
d. exactly $75 per day.
c
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In monopolistic competition, excess capacity results from
A) the presence of a large number of buyers. B) the mobility of firms into and out of the industry. C) imperfect information about price. D) product differentiation.
According to Keynesians, an increase in the money supply will have its greatest impact on real GDP and least impact on the price level when the aggregate demand curve intersects
a. the vertical portion of the aggregate supply curve b. the upward sloping portion of the aggregate supply curve c. the horizontal portion of the aggregate supply curve d. either the upward sloping or the vertical portions of the aggregate supply curve e. either the horizontal or vertical portions of the aggregate supply curve
The U.S. government incurred a national debt for the first time during
A. The Revolutionary War. B. Ronald Reagan's presidency. C. World War II. D. The Great Depression.
Which of the following is not correct?
a. If you buy a bond from a corporation, you can sell the bond to someone else before it matures. b. Term refers to the scheduling of periodic interest rate payments on a bond. c. A bond is an IOU. d. There are millions of different bonds in the U.S. economy.