A monopsony will never pay a wage that is
A) equal to the minimum wage.
B) less than the value of marginal product.
C) more than the value of marginal product.
D) negotiated with the union.
C
Economics
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The fact that some consumers will purchase a nine-ounce bottle of Evian water for $1.49, equivalent to $21.19 per gallon, illustrates the principle that the additional cost of the water is greater than the additional benefit
a. True b. False
Economics
Factories owned by U.S. firms on the Mexican side of the U.S.-Mexico border are:
A. an important source of foreign direct investment in Mexico. B. not an example of foreign direct investment in Mexico. C. troubling for the Mexican government. D. harmful to Mexico's efforts to increase their economic growth.
Economics