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

Author Question: What is the cumulative effect of a simultaneous increase in area income of 5 percent and a 10 ... (Read 79 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
What is the cumulative effect of a simultaneous increase in area income of 5 percent and a 10 percent increase in prices at Urban General?
 a. Quantity demanded at Urban General falls by 4 percent.
  b. Quantity demanded at Urban General rises by 4 percent.
  c. Quantity demanded at Urban General rises by 1 percent.
  d. Quantity demanded at Urban General falls by 1 percent.
  e. Quantity demanded at Urban General does not change.

Question 2

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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

c


nummyann

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jul 1, 2018
Thank you


fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

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.

Female cheetah and cubs in the Ngorongoro Conservation Area Female cheetah and cubs in the Ngorongoro Conservation Area
Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio
A typical reception area in a medical office. A typical reception area in a medical office.
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Palpation for tactile fremitus using metacarpophalangeal joint area Palpation for tactile fremitus using metacarpophalangeal joint area
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library