If the supply of labor to a monopsonist is everywhere unit elastic, then the wage will equal
A) the marginal expenditure.
B) one-half of the marginal expenditure.
C) the marginal revenue product of labor.
D) one.
B
You might also like to view...
Alex works in his own home as a homemaker and full-time caretaker of his children. Officially, he is
A. not in the labor force. B. in the labor force. C. employed. D. unemployed.
The supply curve for milk
a. shifts when the price of milk changes because the price of milk is measured on the vertical axis of the graph. b. does not shift when the price of milk changes because the price of milk is measured on the vertical axis of the graph. c. does not shift when the price of milk changes because the price of milk is measured on the horizontal axis of the graph. d. shifts when the price of milk changes because the quantity supplied of milk is measured on the horizontal axis of the graph.
If Matt Taylor gets his $800 loan from the Paris First National Bank in cash rather than in the form of a new checkable deposit, the:
A. Paris First National Bank will get $800 in new reserves. B. Paris First National Bank will not get $800 in new reserves. C. assets of the Paris First National Bank will increase by $800. D. assets of the Paris First National Bank will decease by $88.
Refer to the information provided in Table 24.1 below to answer the question(s) that follow.Table 24.1
Refer to Table 24.1. At an output level of $2,000 billion, the value of saving
A. cannot be determined from the given information. B. is $300 billion. C. is $200 billion. D. is $100 billion.