« previous next »

Author Question: If a union negotiates a wage above the market equilibrium, each firm's a. supply of labor is ... (Read 75 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 30, 2018
If a union negotiates a wage above the market equilibrium, each firm's
 a. supply of labor is greater than its marginal resource cost
  b. supply of labor is less than its marginal resource cost
  c. supply of labor is equal to its marginal resource cost
  d. demand for labor is less than its marginal resource cost
  e. demand for labor is greater than its marginal resource cost

Question 2

Absolute advantage
 a. is the same as comparative advantage
  b. implies autarky
  c. means that countries of the same size have the same opportunity cost of producing both goods
  d. means that a country can produce more of two goods than another country can
  e. means that a country can produce less of two goods than another country can


manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
The proportion of adults 55 to 64 in the labor force in Germany, Italy, and France is low and has ... The proportion of adults 55 to 64 in the labor force in Germany, Italy, and France is low and has ...
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
The Hardy–Weinberg equilibrium for two autosomal alleles. The Hardy–Weinberg equilibrium for two autosomal alleles.
Video: Polysaccharides

For a complete list of videos, visit our video library