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Author Question: The following diagram shows a monopsony employer, which also faces a single union representing all ... (Read 35 times)

james

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on: May 25, 2020

Question 1

The following diagram shows a monopsony employer.



What is the profit-maximising wage for the employer to pay?
◦ W1
◦ W2
◦ W3
◦ Somewhere between W1 and W3, but it is impossible to say the precise wage rate without more information.

Question 2

The following diagram shows a monopsony employer, which also faces a single union representing all workers.



What is the equilibrium wage, assuming that the employer wishes to maximise profits?
◦ W1
◦ W2
◦ W3
◦ Somewhere between W1 and W3, but it is impossible to say the precise wage rate without more information.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by james on May 25, 2020

Galvarado142

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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james

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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