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Author Question: A monopsonist's marginal factor cost (MFC) curve lies above its supply curve because the firm must: ... (Read 34 times)

lbcchick

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on: Jun 30, 2018
A monopsonist's marginal factor cost (MFC) curve lies above its supply curve because the firm must:
 a. lower the product price to sell more.
  b. increase the price of its product to sell more.
  c. decrease the factor price to hire more.
  d. lower the factor price to hire more.
  e. none of these.

Question 2

During a recession, unemployment insurance ensures that:
 a. the disposable income of those who are unemployed will increase above the usual level.
  b. disposable income does not fall by as much as GDP decreases.
 c. disposable income increases as GDP falls.
 d. the marginal propensity to consume increases.
 e. the marginal propensity to consume decreases.


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chinwesucks

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


lbcchick

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

komodo7

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Reply 3 on: Yesterday
Excellent

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