This topic contains a solution. Click here to go to the answer

Author Question: A price discriminating monopsonist could increase its profits by a. paying the minimum wages ... (Read 53 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
A price discriminating monopsonist could increase its profits by
 a. paying the minimum wages possible.
  b. hiring as little capital as possible.
  c. paying lower wages to workers with inelastic supply of labor curves than to workers with elastic curves.
  d. paying lower wages to workers with elastic supply of labor curves than to workers with inelastic curves.

Question 2

For a monopsonistic hirer of labor the gap between labor's marginal value product and its wage rate will be greater
 a. the more elastic the supply curve for labor.
  b. the more inelastic the supply curve for labor.
  c. the more elastic the firm's demand for labor.
  d. the more inelastic the firm's demand for labor.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

c

Answer to Question 2

b




Haya94

  • Member
  • Posts: 558
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

For a complete list of videos, visit our video library