A profit-maximizing monopsonist will hire workers up to the point at which
A) W = MRP.
B) MRP = MFC.
C) W = MFC.
D) W = MRP = MFC.
B
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What are the advantages of setting up a corporation as opposed to a proprietorship or partnership?
What will be an ideal response?
Refer to Figure 18-5. The highest 20 percent of households
A) earn 24 percent of the society's total income. B) earn 28 percent of the society's total income. C) earn 42 percent of the society's total income. D) earn 72 percent of the society's total income.
The presence of information and transactions cost result in all of the following EXCEPT:
A) reduced efficiency of financial markets. B) higher returns for savers C) some funds not being lent at all D) borrowers need to pay more for funds
If by chance, the level of investment that producers intend to make equals what consumers actually save out of their income, it follows that what producers intend to produce for consumption is precisely what consumers intend to consume. This set of equalities is shown as
a. Ci = Y – Ii b. Ci = Y – S c. Y = C + S d. Ii = S e. I = Y