Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its workers, the:
a. marginal factor cost will fall while the wage will rise.
b. wage will fall while the marginal factor cost will rise.
c. difference between the wage and marginal factor cost will become smaller.
d. difference between the wage and the labor supply curve will increase.
e. wage and the marginal factor cost will increase.
e
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The lower the amount of unemployment benefits citizens receive, the
A) higher the wage people must be offered before they accept a job. B) the longer people search for jobs. C) higher the opportunity cost of job search. D) the higher the natural unemployment rate. E) lower the opportunity cost of job search.
Business plan competitions at universities are simply the culmination of an academic exercise.
Answer the following statement(s) true (T) or false (F)