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Author Question: A price discriminating monopsonist could increase its profits by a. paying the minimum wages ... (Read 56 times)

Haya94

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on: Jul 1, 2018
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.


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apple

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


Haya94

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Excellent

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