This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A monopsonist's marginal factor cost (MFC) curve lies above its supply curve because the firm must: ... (Read 99 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


lbcchick

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Bacteria growth curve Bacteria growth curve
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library