A monopsonistic employer faces a
A. perfectly inelastic labor supply curve.
B. MFC curve that is greater than the wage rate at each quantity of labor.
C. MFC curve that is less than the wage rate at each quantity of labor.
D. perfectly elastic labor supply curve.
Answer: B
You might also like to view...
When a commercial bank borrows from a Federal Reserve Bank, ________.
A. it indicates that the commercial bank is unsound financially B. the supply of money automatically increases C. the commercial bank's reserves are reduced D. the commercial bank's lending ability is increased
Which of the following statements is correct?
A) Federal Reserve district banks are owned by the government. B) Member banks receive no return on the stock they own in Federal district banks. C) Federal Reserve district banks pay dividends on their earnings to member banks. D) The boards of directors of the district banks are all local bankers.
A firm’s total profit is the difference between its sales and what it pays out in costs.
Answer the following statement true (T) or false (F)
A VAR with k time series variables consists of
A) k equations, one for each of the variables, where the regressors in all equations are lagged values of all the variables B) a single equation, where the regressors are lagged values of all the variables C) k equations, one for each of the variables, where the regressors in all equations are never more than one lag of all the variables D) k equations, one for each of the variables, where the regressors in all equations are current values of all the variables