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

Author Question: A monopsony maximizes its profit by hiring the level of employment that sets A) labor supply ... (Read 64 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
A monopsony maximizes its profit by hiring the level of employment that sets
 
  A) labor supply equal to labor demand.
  B) the value of marginal product equal to the wage.
  C) the value of marginal product equal to the marginal cost of labor.
  D) the value of marginal product equal to the demand for labor.

Question 2

When a nation is producing the allocatively efficient quantity of a product, the marginal benefit of producing the good equals the marginal cost of producing that good.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Pineapplelove6

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
:D TYSM

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
Young adults usually grieve loss of a role, such as employment or the breakup of a relationship. Young adults usually grieve loss of a role, such as employment or the breakup of a relationship.
Blood supply to the pituitary gland Blood supply to the pituitary gland
(Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ... (Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ...
The level in the coolant recovery system raises and lowers with engine temperature. The level in the coolant recovery system raises and lowers with engine temperature.
The gap between the projected level of greenhouse gas emissions The gap between the projected level of greenhouse gas emissions
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library