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Author Question: Consider a monopsonistic labour market. One hundred units of labour will be supplied if the wage ... (Read 75 times)

jany123

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on: Oct 12, 2022

Question 1

Consider a monopsonistic labour market. Ten units of labour will be supplied if the wage rate is $12, and 11 units of labour will be supplied if the wage rate is $14. The marginal cost of the eleventh worker is
◦ between $12 and $14.
◦ more than $14.
◦ $14.
◦ $12.
◦ $2.

Question 2

Consider a monopsonistic labour market. One hundred units of labour will be supplied if the wage rate is $12, and 101 units of labour will be supplied if the wage rate is $14. The marginal cost of the 101st unit of labour is
◦ $1414.
◦ $14.
◦ $214.
◦ $140.
◦ Not enough information to know.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jany123 on Oct 12, 2022

heathercab

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Reply #1 on: Oct 12, 2022
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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jany123

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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