A monopsonistic employer faces a
A) perfectly elastic labor supply curve.
B) perfectly inelastic labor supply curve.
C) MFC curve that is greater than the wage rate at each quantity of labor.
D) MFC curve that is less than the wage rate at each quantity of labor.
C
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When the Fed sells government securities to a bank, how are the Fed's assets affected?
A) The amount of the Fed's government securities decreases. B) The amount of the Fed's government securities increases. C) The amount of reserves held at the Fed increases. D) The amount of reserves held at the Fed decreases.
The money supply in the United States is backed by
A) faith. B) gold. C) silver. D) platinum.
Exhibit 8-1 Disposable income and consumption data Disposable Income(Y) Consumption(C) 0 500 1,000 1,400 2,000 2,200 3,000 2,900 4,000 3,500 5,000 4,000 In Exhibit 8-1, when disposable income is increased from $2,000 to $3,000 to $4,000, the marginal propensity to consume
A. remains constant. B. increases from 0.6 to 0.7. C. decreases from 0.8 to 0.7. D. decreases from 0.7 to 0.6.
Given the following data for the economy, compute the value of GDP.Government purchases of goods and services10Consumption Expenditures70Exports5Imports12Change in inventories-7Construction of new homes and apartments15Sales of existing homes and apartments22Government payments to retirees17Business fixed investment9
A. 56 B. 141 C. 83 D. 90