The figure above shows a labor market. If there is a monopsony in this labor market, the wage rate is
A) $4 per hour.
B) $6 per hour.
C) $8 per hour.
D) $10 per hour.
A
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If a monopolist has no marginal costs and only recurring fixed costs, then, if he produces, any quantity that he produces is profit maximizing if the price elasticity of market demand is -1.
Answer the following statement true (T) or false (F)
The the government increases the level of government expenditure. If there is no change in the aggregate supply curve, then aggregate demand will ________, real GDP will ________, and the price level will ________
A) increase; remain the same; increase B) remain the same; increase; increase C) increase; increase; increase D) decrease; increase; increase E) decrease; remain the same; decrease
What are the five most important variables that shift the market supply curve?
What will be an ideal response?
The break-even investment line becomes steeper when the depreciation growth rate ________ or the labor force growth rate ________
A) increases; decreases B) increases; increases C) decreases; increases D) decreases; decreases