This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a monopsony must negotiate with a union, then the wage will probably be A) more than the value ... (Read 46 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If a monopsony must negotiate with a union, then the wage will probably be
 
  A) more than the value of marginal product.
  B) more than the marginal cost of labor.
  C) the same as if there had been no union.
  D) more than what it would have been without a union but not more than the value of marginal product.

Question 2

In the figure above, the elasticity of demand facing the monopoly equals one when it produces ________ units of output.
 
  A) h
  B) j
  C) k
  D) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Themember4

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Thank you :)


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Feral Chocolate/White Muscovy Duck hen at Lake Union, Seattle Feral Chocolate/White Muscovy Duck hen at Lake Union, Seattle
When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive
This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
Prisoners from the front (1866) established Winslow Homer's reputation for spare truthfulness. Prisoners from the front (1866) established Winslow Homer's reputation for spare truthfulness.
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Video: Inflammation and Fever

For a complete list of videos, visit our video library