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Author Question: Consider the monopsony in the above figure. The monopsony will pay a hourly wage rate equal to A) ... (Read 161 times)

cherise1989

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on: Jun 29, 2018
Consider the monopsony in the above figure. The monopsony will pay a hourly wage rate equal to
 
  A) 10.
  B) 15.
  C) 20.
  D) None of the above answers is correct.

Question 2

Using the data in the above table, the average fixed cost of producing 16 units is
 
  A) 1.11 a unit.
  B) 1.25 a unit.
  C) 1.54 a unit.
  D) 2.22 a unit.


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xMRAZ

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


cherise1989

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

duy1981999

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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