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Which of the following statements about a monopsonistic labor market is true? Compared to the wage paid in a competitive labor market the wage paid by a monopsonist is lower and the quantity of labor hired is lower. A Since the single firm is a wage taker the marginal factor cost of labor is equal to the wage rate. B Since marginal revenue product equals marginal factor cost this labor ...

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A monopoly sells in two countries and resales between the countries are impossible.The demand curves in the two countries are q1=100-p1 q2= 60- (1/2)p2 The marginal cost of the monopolist is constant c= $30 1. Find the equilibrium price the monopolist will set in each country. 2. The elasticity of demand at a certain point on the demand curve in market 1 can be measured as E1 = p/q while in ...

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Econ question Please help?!? Assuming a single profit-maximizing employer in a labor market with many workers which of the following statements relating to this monopsony is true? This single employer will hire more labor than if the market were perfectly competitive but will pay a lower wage.

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Which of the problems in the construction of the CPI might be illustrated by each of the following situations. Explain? a. the invention of the Sony Walkman b. the introduction of air bags in cars c. increased personal computer purchases in response to a decline in price. d. more scoops of raisins in each package of Raisin Bran e. greater use of fuel-efficient cars after gas prices increase.

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Which of the following is considered Net Exports in GDP calculations? * a.Margaret buys some hay for her horses from a farmer in Virginia. b.Melanie pays her cable bill in Texas. c.Dave buys a Toyota made in Japan. d.Frank Construction builds a new apartment complex in Indianapolis Indiana. e.The federal government builds a new bridge across the Ohio River. I think the answer is C but I'm ...

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In 2003 Germany Italy and the Netherlands were in a period of recession. GDP in Germany fell by 0.2% between January and April and by 0.1% between April and June. The recession spread to Italy which is dependent on Germany as a market for its exports. The weakest of the three was the Netherlands where output fell by 0.5% between April and June following a fall for the previous eight months ...

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3. University fees in the State of Nirvana have been frozen in real terms for 10 years. During this period enrolments increased by 20 percent reflecting an increase in demand. This means the supply curve is horizontal at a given price. 3.1. Draw a supply curve and two demand curves to represent the two equilibria described. 3.2. Can you estimate a price elasticity of demand for university ...

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1. The inflation rate measures the percentage growth rate of: A. Real GDP from the base period 1982-84 to a given year B. Real GDP from one year to the next C. CPI from the base period 1982-84 to a given year D .CPI from one year to the next The value of the multiplier is likely to fall if there is a fall in: A. Consumption B. Income C. Total spending D. The marginal propensity to consume The ...

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28. When price level in the United States rises a. there is an increased demand for borrowed money. b. producers' demand for new machinery increases contributing to an increase in aggregate demand. c. Americans tend to buy more foreign goods and services. d. the French Canadians and Japanese would find our exports more attractive. e. to replenish the value of your real wealth you would ...

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Assuming a single profit-maximizing employer in a labor market with many workers which of the following statements relating to this monopsony is true? This single employer will hire more labor than if the market were perfectly competitive but will pay a lower wage. A This single employer is a wage taker needing to pay the equilibrium wage for the geographic area. B In increasing employment ...

Econ Coupon Bond help please!!! x? | Yahoo Answers

A £1000-par value bond has a coupon rate of 8%. The bond has 15 years left to maturity and the market’s required yield to maturity for similarly rated debt is 5.5%. What is the value of the bond? Should the maturity increase to 20 years need to calculate the price of the bond. Totally confused on how to approach this and structure an answer for it ://

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Which of the following decreases the demand for nominal money? a.) a decrease in the price level b.) a decrease in the nominal interest rate c.) an increase in the cost of using automatic teller machines d.)an increase in real GDP The opportunity cost of holding money refers to a.) the pleasure that would have been received if the money balances had been used to buy a good or service. B.) the ...

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