Author Question: Which of the following shifts the ATC curve upward at the XYZ Co? A) an increase in the hourly ... (Read 53 times)

jeatrice · **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