The marginal factor cost of a monopsonist is
A) upward sloping and the same as the supply curve.
B) downward sloping when the supply curve of labor is upward sloping.
C) upward sloping and rises faster than the supply curve.
D) horizontal.
Answer: C
Economics
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In the table above, the marginal benefit of the 4 millionth television set is
A) negative 0.5 computers per television set. B) 0.25 computers per television set. C) 0.5 computers per television set. D) 1.0 computer per television set.
Economics
The "constant dollar" price is:
A) the real price of a good. B) the nominal price of a good adjusted for inflation. C) the "current dollar" price adjusted for inflation. D) all of the above E) none of the above
Economics