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

Author Question: A price discriminating monopsonist could increase its profits by a. paying the minimum wages ... (Read 24 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jul 1, 2018
A price discriminating monopsonist could increase its profits by
 a. paying the minimum wages possible.
  b. hiring as little capital as possible.
  c. paying lower wages to workers with inelastic supply of labor curves than to workers with elastic curves.
  d. paying lower wages to workers with elastic supply of labor curves than to workers with inelastic curves.

Question 2

For a monopsonistic hirer of labor the gap between labor's marginal value product and its wage rate will be greater
 a. the more elastic the supply curve for labor.
  b. the more inelastic the supply curve for labor.
  c. the more elastic the firm's demand for labor.
  d. the more inelastic the firm's demand for labor.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


Haya94

  • Member
  • Posts: 558
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

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 average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
How to determine if a quadratic equation has a maximum or minimum when given the roots How to determine if a quadratic equation has a maximum or minimum when given the roots
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Ratio of College Wages to High-School Wages Ratio of College Wages to High-School Wages
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library