_______________ have been unable to organize a union in any of the foreign-owned factories owned by Honda, Toyota, and Nissan.

A. The United Autoworkers
B. The National Education Association
C. The International Brotherhood of Teamsters
D. The Service Employees International Union


A. The United Autoworkers

Economics

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Economic rent is a payment for a factor of production that elicits an increase in the quantity supplied.

Answer the following statement true (T) or false (F)

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Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of $75 per day. If the market wage is now $62.50 per day, what was the first employee earning when she worked alone?

a. $40. b. $45. c. $50. d. $55. e. $60.

Economics