If a monopsonist's labor supply curve is positively sloped, the marginal factor cost (MFC) will be below the wage rate
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the scenario above. Which of the following problems is likely to arise in the market for used cell phones in Barylia?
A) The tragedy of the commons B) The paradox of thrift C) Adverse selection D) Free-rider problem
If the marginal utility of each good a consumer buys does not diminish but remains constant, we should see consumers
a. buying no goods at all b. spending all of their income on the good with the highest marginal utility c. buying one unit of each good d. buying only the least expensive good e. leaving the store in total confusion
The lowest two-fifths of our population receives about _____% of our total income.
A. 5 B. 9 C. 12 D. 18
Both demand & supply side of user markets are very specific to location & building type. This Implies user/space markets are highly ______________.
Fill in the blank(s) with the appropriate word(s).