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

Author Question: If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in ... (Read 120 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in 2008.
 a. 1 percent higher
 b. 8 percent higher
 c. 9 percent higher
 d. 0.9 percent higher
  e. 12 percent higher

Question 2

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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Gracias!

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Acid–base imbalances. Acid–base imbalances.
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
Acid–Base Balance Acid–Base Balance
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
DNA base pairing DNA base pairing
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library