Under monopsony, marginal factor cost
A) is downward sloping.
B) is less than the wage rate, although it increases as more workers are hired.
C) equals the wage rate.
D) is greater than the going wage rate.
D
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Which of the following pieces of information on individual stocks cannot be found in the options section of the financial news?
A) The closing price of the stock B) Open interest C) Option trading volume D) Bid price
In which industry structure is advertising and sales promotion likely to be most important?
A) perfect competition B) monopoly C) monopolistic competition D) All of the above are equally reliant on effective advertising and promotion.
When considering the factor distribution of income, which of the following income would go to owners of physical capital?
A. Corporate profits B. Proprietor Income C. Taxes D. Wages
Refer to Figure d, which illustrates a game played by Travis and Darren. Darren's dominant strategy is:
A. East.
B. West.
C. neither East nor West because East is only weakly dominated.
D. both East and West.