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Author Question: If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in ... (Read 143 times)

nummyann

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on: Jun 30, 2018
If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in 2008.
 a. 1 percent higher
 b. 8 percent higher
 c. 9 percent higher
 d. 0.9 percent higher
  e. 12 percent higher

Question 2

Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of 75 per day. If the market wage is now 62.50 per day, what was the first employee earning when she worked alone?
 a. 40.
  b. 45.
  c. 50.
  d. 55.
  e. 60.


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Expo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


nummyann

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  • Posts: 576
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
:D TYSM

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