« previous next »

Author Question: If the market were perfectly competitive instead of dominated by a monopsonist, what would the ... (Read 60 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
If the market were perfectly competitive instead of dominated by a monopsonist, what would the equilibrium wage and level of employment be?
 a. W1 and E1
  b. W2 and E0
  c. W0 and E0
  d. W0 and E1
  e. W0 and E2

Question 2

If the price of X falls, the budget constraint
 a. shifts outward in a parallel fashion.
  b. shifts inward in a parallel fashion.
  c. rotates outward about the X-intercept.
  d. rotates outward about the Y-intercept.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Competitive inhibitor Competitive inhibitor
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Iraqi market Iraqi market
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library