The profit-maximizing level of employment by the monopsonist in the labor market shown below will be:
A. A
B. B
C. C
D. D
B. B
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According to the standard competitive model, industries with increasing returns would not be profitable. However, economist Paul Romer argues that many industries may be experiencing increasing returns because
a. many important inputs are common property and therefore equally available to all firms. b. many important inputs may be nonrivalrous so that there is no limit to how much they can be used. c. of a decline in the number of monopsonistic firms in labor markets. d. of an increase in the number of firms that are natural monopolies.
Economists who have compared the incomes of never-married men and women have found that with equal amounts of human capital, ________
A) the wages of these two groups are the same B) men earn significantly more than women C) women earn significantly more than men D) men specialize more in home production
Refer to Figure 12-5. If the market price is $20, what is the amount of the firm's profit?
A) $5,400 B) $6,750 C) $8,100 D) $16,200
The value of the deposit multiplier is increased if individuals hold all their money in cash
a. True b. False Indicate whether the statement is true or false