This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Because the marginal cost of labor curve lies above the labor supply curve, a monopsony will pay a ... (Read 97 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Jun 29, 2018
Because the marginal cost of labor curve lies above the labor supply curve, a monopsony will pay a wage that is
 
  A) equal to the wage paid in a competitive market.
  B) equal to value of marginal product.
  C) greater than value of marginal product.
  D) less than the wage paid in a competitive market.

Question 2

The above figure shows the demand and supply curves for high-skilled and low-skilled labor. The wage differential between high-skilled and low-skilled labor is
 
  A) 4.00.
  B) 5.00.
  C) 6.00.
  D) 7.00.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Leostella20

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


luvbio

  • Member
  • Posts: 623
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican
The titration curve of acetic acid The titration curve of acetic acid
Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Linear dose-response curve Linear dose-response curve
Video: Introduction to Insulin

For a complete list of videos, visit our video library