Which of the following was the most successful attempt to establish a colony with the longest and most sustainable future, according to Hughes and Cain (2011)?
(a) Jamestown
(b) Plymouth Company
(c) Massachusetts Bay
(d) Maryland
(c)
You might also like to view...
The federal funds rate is determined by demand and supply of bank reserves.
a. true b. false
Data in the following table refer to the purchase of a resource by a pure monopsonist. Let the resource be labor time L, measured in hundreds of hours per day
Units of Labor Marginal Average Marginal Revenue Input Expenditure Expenditure Product L ME AE MRP 1 10 10 16 2 12 11 15 3 14 12 14 4 16 13 13 5 18 14 12 6 20 15 11 7 22 16 10 8 24 17 9 a. Determine the profit maximizing purchase rate of labor for the monopsonist. b. If this market were not monopsonistic but competitive, what would be the purchase rate of labor time? c. Determine the equilibrium wage rate in both the monopsonistic and competitive markets?