For a monopsonist in the labor market, the marginal resource cost of labor is:
A. Higher than the wage rate or price of labor
B. Less than the wage rate or price of labor
C. Equal to the wage rate or price of labor
D. Inversely related to the wage rate or price of labor
A. Higher than the wage rate or price of labor
Economics
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Your boss asks you to do fundamental analysis of a corporation. What value is she asking for and how would you estimate this value?
Economics
Refer to the figure below. If Laura and Chris are the only two consumers in this market, then when the price of hamburger decreases from $2.50 to $2.00 per pound, the quantity demanded in the market will ________ by ________ pound(s) per week. 
A. increase; 1.5 B. decrease; 1 C. decrease; 1.5 D. increase; 1
Economics