« previous next »

Author Question: The price of services at Urban General falls by 10 percent. a. Quantity demanded at Urban General ... (Read 74 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
on: Jul 1, 2018
The price of services at Urban General falls by 10 percent.
 a. Quantity demanded at Urban General increases by 15.0 percent.
  b. Quantity demanded at Urban General increases by 1.5 percent.
  c. Quantity demanded at St.Elsewhere rises by 3.5 percent.
  d. Quantity demanded at St.Elsewhere falls by 5.0 percent.
  e. Quantity demanded at Urban General rises by 5.0 percent.

Question 2

If a firm is a monopsonistic hirer of labor:
 a. its marginal expense for labor is greater than the market wage.
  b. its marginal expense for labor is equal to the market wage.
  c. its marginal expense for labor is less than the market wage.
  d. it is a price taker in the labor market.


mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

J. M. W. Turner, The Upper Falls of the Reichenbach. J. M. W. Turner, The Upper Falls of the Reichenbach.
The primary windings are inside the secondary windings on this General Motors coil. The primary windings are inside the secondary windings on this General Motors coil.
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Convert percent to Fraction Convert percent to Fraction
Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ... Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ...
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
Video: Exocytosis - secretion

For a complete list of videos, visit our video library