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Author Question: The following diagram shows a particular monopsony employer of labour. Assume that the government ... (Read 53 times)

cmoore54

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on: May 25, 2020

Question 1

If a minimum wage is adopted, a profit-maximising monopsony will respond by employing
◦ the same number of workers.
◦ fewer workers.
◦ more workers.
◦ any of the above.

Question 2

The following diagram shows a particular monopsony employer of labour. Assume that the government imposes a minimum wage of W2.


This means that
◦ the wage rate is likely to fall and employment rise.
◦ the wage rate and employment are likely to rise.
◦ the wage rate and employment are likely to fall.
◦ the wage rate is likely to rise and employment fall.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by cmoore54 on May 25, 2020

todom5090

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cmoore54

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

robbielu01

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Reply 3 on: Yesterday
Wow, this really help

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