Thursday, June 7, 2007

Monopsony

-when talking about monopsony, do we have to explain why MC curve is higher than AC curve? - coz it takes alot of time!!

No. For example, explaining the effect of a NMW. You can say a NMW in a monopsony will be able to increase wages without causing unemployment. Draw and explain diagram but not necessary to explain why MC increases faster than AC.

essay: Does a minimum wage reduce poverty?

1 comment:

international relations essays said...

Government should do its best to boost the economy of the country so that no one will be starving.