If the supply of labor to a monopsonist is everywhere unit elastic, and the marginal expenditure equals $1, then the wage will equal
A) $0.50.
B) $0.75.
C) $1.00.
D) $2.00.
A
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Some governments have adopted statutes that require, under certain circumstances, payment greater than fair market value be paid to property owners for property seized through eminent domain
Indicate whether the statement is true or false
If all conditions for a perfectly competitive market are met
A) firms face sunk cost when entering the market. B) firms' demand curves are horizontal. C) the market demand curve is horizontal. D) the firms' demand curves are downward-sloping.
What all is included in the calculation of government purchases?
a. clearing snowy roads b. buying public library books c. clearing court dockets d. all of the above are used in the calculation of government purchases
Which of the following would be primarily determined in the resource markets?
A. The airfares charged by airlines for family vacations B. The wage rates for computer programmers and engineers C. The number of home-internet connections installed D. The amount of money in circulation issued by the government