Author Question: Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its ... (Read 63 times)

tnt_battle · **on:** Jun 30, 2018

Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its workers, the:
a. marginal factor cost will fall while the wage will rise.
b. wage will fall while the marginal factor cost will rise.
c. difference between the wage and marginal factor cost will become smaller.
d. difference between the wage and the labor supply curve will increase.
e. wage and the marginal factor cost will increase.

Question 2

During an election year, the federal government would mostly likely increase _____.
a. tax rates
b. interest rates
c. the discount rate charged to commercial banks
d. the minimum reserve requirement of commercial banks
e. government purchases of goods and services