Refer to Figure 31.2 for a monopsonist employer. From the monopsonist's standpoint, the optimal wage and employment level would be
A. $6 per hour and 40 employees.
B. $9 per hour and 40 employees.
C. $7 per hour and 50 employees.
D. $11 per hour and 50 employees.
Answer: A
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Tax laws treat all in-kind payments as taxable income to the employers
a. True b. False
Hayle Motors specializes in the production of fire trucks and has production units in five countries. Which of the following is NOT true about Hayle Motors?
a. It is a geographically divisionalized organization. b. It is divisionalized along product lines. c. Each of its five production units in the five countries function as stand-alone firms. d. Activities in each of its five units may be categorized functionally.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. If the economy is at Point B, the cost of raw material decreased dramatically, and the aggregate demand did not change, the economy could move to Point
A. A. B. E. C. C. D. D.