The figure above shows a labor market. If there is a monopsony in this labor market, the monopsony pays a wage rate
A) greater than the value of marginal product of labor.
B) equal to the value of marginal product of labor.
C) less than the value of marginal product of labor.
D) equal to the average revenue product of labor.
C
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Suppose fundamental analysis indicates that XYZ Corporation's stock is undervalued
a. This means its present value is less than its price. You should consider adding the stock to your portfolio. b. This means its present value is less than its price. You shouldn't consider adding the stock to your portfolio. c. This means its present value is more than its price. You should consider adding the stock to your portfolio. d. This means its present value is more than its price. You shouldn't consider adding the stock to your portfolio.
In 2017, the Congressional Budget Office forecast that which of the following would have the lowest average annual growth rate for the years 2017-2027?
A) population B) hours worked C) labor productivity D) real GDP