Answer
monopsonist hire at MLC=D
where
number of workers is 16 units
Option A
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Q2
ANswer
It pays the minimum wage which is from the labor supply curve at the level of hire
which is $6
Option B
Also, what wage rate will the monopsonist pay? A. $3 B. $6 C. $12 D. $9 ect Question 6 0/0.1 pts Refer to the gra...
1 a
1b
1c
Refer to the graph below. How much labor will the monopsonist hire? S MLC $18 $15 $12 $9 $6 $3 L 8 16 24 32 40 48 16 24 32 co Refer to the graph below. What wage rate will the monopsonist pay? W MLC S $18 $15 $12 $9 $6 D L 16 24 32 40 48 $6 $9 $12 $3 $3 A firm faces the following labor supply curve: W 8 04 L What...
ect Question 10 0/0.1 pts A monopsonist has the production function Q = 4.1 and faces the following labor supply and product demand equations respectively. W = 2 + 0.05 L P = 10 -0.025 Q What wage rate should the firm pay in order to maximize profits if they mark their price 300% above marginal cost? 2.5 Using the results in the previous problem, the firm will want to pay the lowest possible wage rate to hire that quantity...
0/0.1 pts Incorrect Question 9 A monopsonist has the production function Q=4.L and faces the foflowing labor supply and product demand equations respectively W= 2+ 0.05 L P= 10-0.025 Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost? 60
Question 9 0.1 pts A monopsonist has the production function Q=4.1 and faces the following labor supply and product demand equations respectively. W = 2 + 0.05L P = 10 – 0.025.Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost?
please i need the answers. the questions are related, you need
to find questions 9 then 10
Incorrect Question 9 0/0.1 pts A monopsonist has the production function Q = 4. and faces the following labor supply and product demand equations respectively. W = 2+ 0.05.L P 10 -0.025 How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost? 1st, what is the marginal cost of production and how...
Refer to the graph of the labor market below. What is the job vacancy rate (6) when 0.25? 213.0000 Incorrect Question 14 0/0.6 pts Refer to the graph of the labor market below. Which wage rate best corresponds with an increase in the market power of firms? 340
Question 17 3 pts Refer to Table 4-1. c D E 1 2 3 A Price $12 $10 $8 $6 $4 $2 B D 5 8 11 13 16 18 S 19 17 15 13 11 9 4 S2 14 12 10 8 9 12 15 18 21 24 5 6 7 4 Table 4-1 Suppose that D1 and S1 are the prevailing demand and supply curves for a product. If the demand schedule changes from D1 to D2, then:...
Assume a mis amongst that can heitsfest work for $6 but must increase the wage rate by $3 to attract each successive workers that the second worker must be paid $9 the third $12.and so on. The main revenue product of labor is given in the table below Units of Labor Marginal Revenue Product a Draw the firm's labor supply and marginal resource cost curves Instructions: Use the tool provided to draw the labor supply curve plot 6 points to...
Question 12 2 pts Suppose you pay $10 to watch a movie at the local Cineplex and afterward you sneak into the next theater to watch a second movie without paying. What is your marginal cost of watching the second movie? $15 $5 $10 $0 Below shows cost and revenue curves for a competitive firm named Eli's Eggplants. Use the graph to answer the questions that follow. 20 2 18 16 14 12 10 Price cost of bushel) 8 2...
Variable Y 0 3 6 9 12 Variable x 15 18 Refer to the provided graph. As we move along the curve from point B to A to C, the slope of the tangent line is decreasing in algebraic value becoming less negatite