Answer: The correct answer is "a. lower wage rate and hire fewer workers than will a purely competitive employer.".
Explanation: Monopsony is generated when there are many people looking for work and there are only a few employers, who can afford to offer a lower salary than they would have to offer if there was more competition for workers.
Answer:
$149,100
Explanation:
Given that,
Uchimura Corporation has two divisions: the AFE Division and the GBI Division.
Net operating income = $42,000
Divisional segment margin:
AFE Division = $15,700
GBI Division = $$175,400
Common fixed expense not traceable to the individual divisions:
= AFE Division's divisional segment margin + GBI Division's divisional segment margin - Net operating income
= 15,700 + 175,400 - 42,000
= $149,100
The efficiency of the worker and the level of skill required differ between occupations
Answer:
D) Increase in the market wage rate for pastry chefs.
Explanation:
A decreased demand may be caused by an increased wage rate of pastry chefs. Since a bakery may hire this expensive labor and produce pastries, this will result in increased cost for the bakery, this will be passed on to the consumers in turn for increased prices. Consumers will buy less of it and thus demand for pastries will fall requiring bakeries to hire less chefs.
Hope that helps.
