A monopsonist is currently employing 50 workers at $10 an hour. It wants to hire an additional worker, but will have to pay the worker $10.10. The marginal factor cost is
A) ten cents.
B) $10.00.
C) $10.10.
D) $15.10.
D
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The Bank of Lithasia plans to increase its revenue by using demand deposits held with the bank for long-term investments. What is this process known as? Is there any risk associated with this process? If yes, how can the risk be reduced?
What will be an ideal response?
The product life cycle theory of comparative advantage predicts that a new product will be first produced and exported by:
a. the nation that first demanded the new product. b. the first firm to successfully copy the technology. c. the nation in which it was invented. d. the countries with the most stable economies and the fewest restrictions on foreign trade. e. the company with the most extensive network of international distributors for the product.