Use the above table. If the marginal revenue product is $20, how many workers will the profit maximizing monopsonist hire?

As the manager of good A, which of the following would be of greatest concern (based on the regression results above)?

A) None of the factors below would be of concern. B) an impending recession C) pressure on you by your salespersons to lower the price so that they can boost their sales D) a price reduction by the makers of good B

Answer the following statement(s) true (T) or false (F)

1. Use of a common property is nonrivalrous. 2. A nonexcludable good, once produced, can be made available to others at no additional cost. 3. Private markets tend to undersupply nonrivalrous goods because of free riding. 4. Once it has been produced, the efficient price for a nonrivalrous good is zero. 5. An HBO broadcast over cable television is rival in consumption but non-excludable.