In the above table, if the marginal revenue product is $14, how many workers will the profit maximizing monopsonist hire?

In a Bertrand duopoly with product differentiation, explain how a change in one firm's marginal cost can have an effect on the price charged by the other firm

What will be an ideal response?

Interest rates are higher the

A) shorter the duration of the loan. B) greater the risk. C) larger the amount of the loan, holding other things constant. D) lower the inflation rate.