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Author Question: Which of the following shifts the ATC curve upward at the XYZ Co? A) an increase in the hourly ... (Read 73 times)

jeatrice

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on: Jun 29, 2018
Which of the following shifts the ATC curve upward at the XYZ Co?
 
  A) an increase in the hourly wage that XYZ pays its workers
  B) a decrease in the hourly wage that XYZ pays its workers
  C) an increase in the fixed amount of liability insurance premiums that XYZ pays for its business
  D) Both answers A and C are correct.

Question 2

If a labor market that was previously competitive becomes controlled by a monopsony, the wage rate ________ and employment ________.
 
  A) rises; increases
  B) falls; decreases
  C) rises; decreases
  D) falls; increase


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reversalruiz

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

D

Answer to Question 2

B


jeatrice

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Reply 2 on: Jun 29, 2018
Excellent

xoxo123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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