Question

Question 293.125 pts

Other things equal, the voluntary relocation of employable migrants from low-paying nations to high-paying nations will:

increase business or capitalist incomes in the low-paying nations.

reduce wage rates in the low-paying nations.

reduce real output in the world.

increase business or capitalist incomes in the high-paying nations.

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Question 303.125 pts

If the elasticity of demand for labor in the United States is unitary, immigration into the United States can be expected to:

increase the average U.S. wage rate.

increase the total amount of wage earnings that U.S. workers receive.

decrease the total amount of wage earnings that U.S. workers receive.

leave the total amount of wage earnings that U.S. workers receive unchanged.

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Question 313.125 pts

When you have different groups of consumers and a monopolist is segmenting the market by these groups, what will happen (in general) to the price chosen for the more elastic versus the price for the less elastic consumer

Both consumers will have a price decrease, and the decrease for the more elastic consumer will be smaller

Both consumers will have a price increase, and the increase for the more elastic consumer will be greater

The less elastic consumer will generally have a lower price

The more elastic consumer will generally have a lower price

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Question 323.125 pts

For a monopoly firm, if we know that they are setting price at $30 for a quantity sold of 100, their total costs are $1500, and their variable costs are $1000, then what is their total profit?

$3500

$1000

$500

$1500

Answer 1

293.1 -) The answer is D-) increase business or capitalist incomes in the high-paying nations.

because low paying nations migrant employer can work for low wage and hence it will increase business or captialist income in the high paying nation, because in high-paying nations, they can employer these migrants in low wage.

303.1-) The asnwer is D -) leave the total amount of wage earnings that U.S. workers receive unchanged.

313.1-) The answer is D ) The more elastic consumer will generally have a lower price.

323.1) The asnwer is D-) $1500.

because profit = total revenue - total cost.

profit = 100 *30 - 1500

profit =3000 -1500 = $1500