In response to the atrocities committed during World War II, the _________ was adopted, and its principles remain relevant

For a monopsonistic hirer of labor, the gap between labor's marginal revenue product and its wage rate will be greater:

a. the more elastic the supply curve for labor. b. the more inelastic the supply curve for labor. c. the more elastic the firm's demand for labor. d. the more inelastic the firm's demand for labor.

Suppose that when output is 20, marginal cost is $20, and average total cost is $30 . Then which of the following is most likely to be true?

a. Average total cost is declining. b. Average total cost is constant. c. Average total cost is rising. d. Average total cost is less than average fixed cost.