« previous next »

Author Question: The price of services at Urban General falls by 10 percent. a. Quantity demanded at Urban General ... (Read 137 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?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

General Intelligence is Related to Various Outcomes General Intelligence is Related to Various Outcomes
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
Urban Environmental Challenges Urban Environmental Challenges
The Urban Imprint The Urban Imprint
How to solve any percent concentration problem How to solve any percent concentration problem
Sol Duc Falls in Olympic National Park, Washington. Sol Duc Falls in Olympic National Park, Washington.
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library