Suppose the marginal value curve for a monopsonist is MV = 70 - ...

[NguyenJ]

Suppose the marginal value curve for a monopsonist is MV = 70 - Q, and the marginal expenditure curve is ME = 10 + 2Q. What is the optimal price paid by the monopsonist?
 
  A) P = 20
  B) P = 50
  C) P = 60
  D) We need to know the AE curve in order to determine the optimal price

Question 2

Use the following statements to answer this question: I. Corporate paper rates are typically less than one percent higher than Treasury bill rates. II. Treasury bill rates may be viewed a short-term, risk-free rates.
 
  A) I and II are true.
  B) I is true and II is false
  C) II is true and I is false
  D) I and II are false

[Awesome]

Answer to Question 1

D

Answer to Question 2

A

[NguyenJ]

Thanks for the timely response, appreciate it

[CAPTAINAMERICA]

Gracias!