Author Question: If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in ... (Read 127 times)

nummyann · **on:** Jun 30, 2018

If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in 2008.
a. 1 percent higher
b. 8 percent higher
c. 9 percent higher
d. 0.9 percent higher
e. 12 percent higher

Question 2

Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of 75 per day. If the market wage is now 62.50 per day, what was the first employee earning when she worked alone?
a. 40.
b. 45.
c. 50.
d. 55.
e. 60.