The marginal factor cost of a monopsonist is
A. upward sloping and rises faster than the supply curve.
B. downward sloping when the supply curve of labor is upward sloping.
C. horizontal.
D. upward sloping and the same as the supply curve.
Answer: A
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Off-balance-sheet activities
A) generate fee income with no increase in risk. B) increase bank risk but do not increase income. C) generate fee income but increase a bank's risk. D) generate fee income and reduce risk.
There is evidence to suggest that slaves were commonly sold and families were often separated
Indicate whether the statement is true or false
The "cost disease of personal services" phenomenon predicts that the price of tickets to baseball games and cell phone rates will increase at approximately the same rate
a. True b. False Indicate whether the statement is true or false
Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4:
After the price of good X increases to $12 while the price of good Y remains $4, how many units of good X would be purchased?
A. 0 B. 2 C. 4 D. 8 E. 12