Question
Wages determination and Interest income: A- What should happen to the number of workers hired if a competitive employer's wages exceed its marginal revenue product
Wages determination and Interest income:
A- What should happen to the number of workers hired if a competitive employer's wages exceed its marginal revenue product (MRP)?
B- Does a monopsonist employer pay its workers a greater, less than or the same wage as a competitive employer?
C- If interest rates are greater than zero, presents goods have a greater, less or equal value compared to future goods?
D- Suppose that firm A is a monopsony that demands labor and XYZ Union is a monopoly that provides labor. Other things constant, the equilibrium wage and quantity of labor will depend on what factor?
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