For a monopsonistic hirer of labor, the gap between labor's ...

[Destiiny22]

For a monopsonistic hirer of labor, the gap between labor's marginal revenue product and its wage rate will be greater:
 a. the more elastic the supply curve for labor.
  b. the more inelastic the supply curve for labor.
  c. the more elastic the firm's demand for labor.
  d. the more inelastic the firm's demand for labor.

Question 2

A difference between moral hazard and adverse selection is that
 a. moral hazard deals with pre-contractually determined public information
  b. moral hazard deals with post-contractually determined private information
  c. adverse selection deals with pre-contractually determined private information
  d. adverse selection deals with post-contractually determined public information

[Gabe]

Answer to Question 1

b

Answer to Question 2

b

[Destiiny22]

Thanks for the timely response, appreciate it

[Chelseyj.hasty]

Wow, this really help