The profit-maximizing employment level for a monopsonist occurs where:
a. wage = MFC.
b. wage = MRP.
c. price = wage.
d. wage = TWC.
e. MRP = MFC
e
You might also like to view...
When compared to the demand curve for only one variable input, the demand curve for a factor input when several inputs are variable is
A) less elastic. B) more elastic. C) vertical. D) horizontal.
The proper economic method of selecting a sentence length would be to
A. compare the average cost of crime being perpetrated by the average offender if released a year earlier with the average incarceration costs for that shorter sentence. B. compare the total cost of crime being perpetrated by the offender if released a year earlier with the incarceration costs for that shorter sentence. C. poll pro bono defense attorneys and follow their recommendation. D. compare the reduction in the total cost of (marginal cost) crime being perpetrated by the offender if released a year earlier with the reduction in incarceration costs (marginal benefit) for that shorter sentence.
The VER between the United States and Japan was shown to _______________ gas consumption, _______________ the use of energy, and _______________ gas mileage from automobiles.
a. raise; raise; lower b. lower; lower; raise c. raise; lower; lower d. lower; raise; raise
Why are financial-sector crises scarier than collapses in other sectors of the economy?
A. Financial-sector crises happen more often than collapses in other sectors. B. If the financial sector fails, it can bring the whole economy down with it. C. The financial sector is the biggest sector. D. Most people work in the financial sector.