An increase in the interest rate is associated with an increase in bond prices

The above figure shows the market for labor. The employer is a monopsony. If a minimum wage of $10 is imposed, the equilibrium level of employment is

A) 200 hours per day. B) 400 hours per day. C) 600 hours per day. D) 800 hours per day.

When several resources are combined in the production of a good,

a. it is easy to determine the marginal products of the various resources b. the marginal contribution of each input often cannot be observed c. allocating revenue among the various resources is easy d. there is more competition for each of the resources used e. there is less competition for each of the resources used