[Answered] Given the following hypothetical data where C = 3,000; I = 1,200; G = 2,000; X M = 500; ...

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Author Question: Given the following hypothetical data where C = 3,000; I = 1,200; G = 2,000; X M = 500; ... (Read 11 times)

scienceeasy

Hero Member
Posts: 565

on: Jun 30, 2018

Given the following hypothetical data where C = 3,000; I = 1,200; G = 2,000; X M = 500; depreciation = 200; transfer payments = 800, net domestic product is _____.
a. 5,500
b. 5,700
c. 6,200
d. 6,400
e. 6,900

Question 2

The profit-maximizing employment level for a monopsonist occurs where:
a. wage = MFC.
b. wage = MRP.
c. price = wage.
d. wage = TWC.
e. MRP = MFC

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Marked as best answer by a Subject Expert

ong527

Sr. Member
Posts: 285

Reply #1 on: Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

e

scienceeasy

Hero Member
Posts: 565

Reply #2 on: Jun 30, 2018

Thank you

ong527

Sr. Member
Posts: 285

Reply #3 on: Jun 30, 2018

Happy to help you

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