« previous next »

Author Question: If the market were perfectly competitive instead of dominated by a monopsonist, what would the ... (Read 89 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
If the market were perfectly competitive instead of dominated by a monopsonist, what would the equilibrium wage and level of employment be?
 a. W1 and E1
  b. W2 and E0
  c. W0 and E0
  d. W0 and E1
  e. W0 and E2

Question 2

If the price of X falls, the budget constraint
 a. shifts outward in a parallel fashion.
  b. shifts inward in a parallel fashion.
  c. rotates outward about the X-intercept.
  d. rotates outward about the Y-intercept.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Competitive inhibition Competitive inhibition
Non-competitive inhibition Non-competitive inhibition
Western basin edges are dominated by warm poleward-directed currents (for example, Gulf Stream), ... Western basin edges are dominated by warm poleward-directed currents (for example, Gulf Stream), ...
Competitive inhibitor Competitive inhibitor
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
Competitive firms and maximization Competitive firms and maximization
Video: Sigmoidoscopy

For a complete list of videos, visit our video library