« previous next »

Author Question: The price of services at Urban General falls by 10 percent. a. Quantity demanded at Urban General ... (Read 75 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?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

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?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Chris Burden, Urban Light. Chris Burden, Urban Light.
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ... A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
Start the diagnosis by locating the relay center. It is under the hood on this General Motors ... Start the diagnosis by locating the relay center. It is under the hood on this General Motors ...
How to solve any percent change problem How to solve any percent change problem
General, Organic, and Biological Chemistry, 3rd edition General, Organic, and Biological Chemistry, 3rd edition
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library