Suppose TC = 10 + (0.1 ? q2). If p = 10, the firm's profit maximizing level of output is

A decline in the desired level of capital and investment will result from ________

A) a rise in the real price of capital B) a decrease in the rate of depreciation C) a decrease in the real interest rate D) a decrease in the real price of capital

Company towns are often decried as monopsonists. Why was it unlikely that another employer would move into a company town?

A) The marginal workers available in the company town had low marginal revenue product. B) The existing monopsonist had a first-mover advantage. C) The marginal workers available in the company town would demand a wage higher than that obtained at the existing monopsonist. D) Any of the above.