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Masja [62]
2 years ago
12

Explain why the monopsonist's marginal-revenue-product curve is downward sloping. Include the role of the price for the final go

od or service in your answer.
Business
1 answer:
alekssr [168]2 years ago
3 0

Answer:

A monopsony is market where there is only one buyer, e.g. the government is the sole buyer for nuclear submarines in the US.

The demand curve of a monopsony is similar to the demand curve of any other type of market, i.e. it is downward sloping. Since there is only 1 buyer, the demand curve is also the supply curve. If the monopsonist wants to increase the quantity demanded at a lower price, the supplier (or suppliers) must be able to lower its costs and that generally results in lower labor costs.

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5 0
2 years ago
Financial statements does not cover a period of time but rather reports amounts at a specific point in time?
SashulF [63]
The answer is: Balance sheet
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6 0
3 years ago
A third method for determining the forecasted cost at completion is to re-estimate the costs for all the remaining work to be pe
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A. the FCAC is less than the TBC

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2 years ago
a variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as an
irina1246 [14]

A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a broker-dealer. This is further explained below.

<h3>What is a broker-dealer?</h3>

Generally, a member of the Stock Exchange who performs the duties of both a broker and a jobber.

In conclusion, An individual who wishes to sell variable life insurance must first get a license and then be designated as a life and variable contract agent in addition to being a broker-dealer.

Read more about broker-dealer

brainly.com/question/14330803

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Which of the following can be classified as data flow for a book store?
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