Author Question: A monopsony owner believes that hiring an additional worker would increase the company's revenue by ... (Read 57 times)

roselinechinyere27m · **on:** Jun 30, 2018

A monopsony owner believes that hiring an additional worker would increase the company's revenue by 150 per day. We can conclude that the monopsony pays its workers:
a. more than 150 per day.
b. exactly 150 per day.
c. less than 150 per day.
d. exactly 75 per day.

Question 2

The tax cut of 1964 (proposed by President Kennedy):
a. was the last time fiscal policy was used.
b. was the greatest failure as a demand-management tool.
c. actually increased investment, consumption, and employment.
d. shifted the aggregate demand curve leftward.
e. was the first time the focus moved away from managing aggregate demand to focusing exclusively on aggregate supply.