« previous next »

Author Question: The price of services at Urban General falls by 10 percent. a. Quantity demanded at Urban General ... (Read 100 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
on: Jul 1, 2018
The price of services at Urban General falls by 10 percent.
 a. Quantity demanded at Urban General increases by 15.0 percent.
  b. Quantity demanded at Urban General increases by 1.5 percent.
  c. Quantity demanded at St.Elsewhere rises by 3.5 percent.
  d. Quantity demanded at St.Elsewhere falls by 5.0 percent.
  e. Quantity demanded at Urban General rises by 5.0 percent.

Question 2

If a firm is a monopsonistic hirer of labor:
 a. its marginal expense for labor is greater than the market wage.
  b. its marginal expense for labor is equal to the market wage.
  c. its marginal expense for labor is less than the market wage.
  d. it is a price taker in the labor market.


mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ... One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ...
How to solve any percent efficiency problem How to solve any percent efficiency problem
General Mathematics General Mathematics
General Mathematics - Finding the Range of a Function General Mathematics - Finding the Range of a Function
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
General strategies of forward and reverse genetics General strategies of forward and reverse genetics
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library