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klasskru [66]
2 years ago
10

A monopolist will hire workers up to the point at which the wage equals the marginal?

Business
1 answer:
Sati [7]2 years ago
6 0

A monopolist will hire workers up to the point at which the wage equals to marginal revenue.

Given that monopolist will need to hire workers.

We are required to find the point up to which the monopolist will hire the workers.

Monopolist is the person or institution who has the largest power of the market means monopolist can change or influence the price according to him or his requirements.

From the definition of monopoly we can say that a monopolist will hire workers up to the point at which the wage equals the marginal revenue.

Wage is a part of cost and it is a variable cost. Variable cost is the cost which is not fixed for all the units. Variable cost increases with the increase in the units of the good.

Hence a monopolist will hire workers up to the point at which the wage equals to marginal revenue.

Learn more about monopoly at brainly.com/question/13113415

#SPJ4

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Which statement best explains the law of supply?
ololo11 [35]
I just took it the answer is A
5 0
4 years ago
Read 2 more answers
Why are certain policy decisions (like those undertaken by the federal reserve) best informed by using the core inflation index
Pani-rosa [81]

Fluctuations in food and energy prices can be transitory.

<h3>What is food and energy?</h3>

Animals, including humans, derive chemical energy from their food to support their metabolism, including their muscular activity. This chemical energy is known as "food energy."

Aerobic respiration, which involves mixing carbs, lipids, and proteins with oxygen from the air or water, is the primary source of energy for most creatures.

Alcohol consumption, polyols, and other minor dietary components like organic acids could further add to the body's energy requirements. Water, minerals, vitamins, cholesterol, and fiber are a few food items that may still be important for survival and health even though they don't supply much or any food energy. Anaerobic respiration, which doesn't need oxygen to work, is a technique used by some organisms to obtain energy from food.

To learn more about food and energy from the given link:

brainly.com/question/26267005

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8 0
1 year ago
If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be
Musya8 [376]

Answer:

C. the price effect would become a more significant consideration for each firm that makes automobiles.

Explanation:

The situation above is highly related to the topic about "supply" and "demand." If the nations of <em>Germany</em>,<em> Japan</em> and <em>the U.S.A</em>. prohibits the international trade in automobiles, this will result to a<u> surplus of automobile goods within the country.</u> Since these automobiles were meant to be sold abroad, the prohibition will<em> lower its international demand.</em> Such increase in supply will have a significant effect on the price of the automobiles. This is the reason why each firm should have to consider the situation's effect on the price of the automobiles and related goods.

So, this explains the answer.

4 0
4 years ago
In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.
FrozenT [24]

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

3 0
4 years ago
Firms that operate internationally are able to:
Fed [463]
B is the answer
Say thanks!
3 0
3 years ago
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