« previous next »

Author Question: The union representing the bread makers at the Hostess Bread Company went on strike and demanded ... (Read 189 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
The union representing the bread makers at the Hostess Bread Company went on strike and demanded higher wages than what the firm wanted to pay.
 
  I. If the firm is in a competitive labor market the union can only raise wages by decreasing employment.
  II. If the firm is a monopsony in the labor market the union can only raise wages by decreasing employment.
  III. If the firm is a monopsony in the labor market the union can both raise wages and increase employment.
  A) I only
  B) II only
  C) I and II
  D) I and III

Question 2

All along the beach in San Diego, California are shops which rent boogie boards for 3 per hour. Tourists perceive that all rental boogie boards are identical and there are no restrictions on entry and exit in the boogie board market.
 
  Suppose Surf's Up is a boogie board rental shop. To maximize profits, Surf's Up would produce a quantity where A) Marginal revenue is greater than marginal cost.
  B) Marginal revenue is equal to marginal cost.
  C) Marginal revenue is less than marginal cost.
  D) Price is maximized.


perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 29, 2018
Correct answers!


perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Feral Chocolate/White Muscovy Duck hen at Lake Union, Seattle Feral Chocolate/White Muscovy Duck hen at Lake Union, Seattle
An activation barrier, representing the transition state An activation barrier, representing the transition state
Prisoners from the front (1866) established Winslow Homer's reputation for spare truthfulness. Prisoners from the front (1866) established Winslow Homer's reputation for spare truthfulness.
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Iraqi Bread Iraqi Bread
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library