AutoSave . Off) Blue Exam 2 - Econ 301 - Spring 2019 - Word Search Vasili, Justin B VJ X File Home Insert Draw Design Layout References Mailings Review View Help Share Comments & Cut Find Calibri (Body) 11 ~ A" A Aa Ap AaBbCcD AaBbCcD AaBbC( AaBbCct AaB AaBbCCD Lol S'c Replace Paste [ Copy BIU~ ab X x A LA 1 Normal 1 No Spac.. Heading 1 Heading 2 Title Subtitle Dictate Sensitivity Editor Reuse Format Painter Select Files Clipboard Font Paragraph Styles Editing Voice Sensitivity Editor Reuse Files 4. ABC Textile Inc. is the only employer in town, and the company maximizes profits. Given the Wage supply of labor and Value of Marginal Product of labor shown here, we can determine that ABC will employ _ _ workers. 10 a) 60 d) 90 b) 70 e) 105 C) 80 30 5. The wage ABC will offer workers equals: a) 18 d) 25 b) 20 e) 32 20 C) 24 6. The deadweight loss in efficiency caused by 10 ABC's monopsony power is VMP. a) 200 d) 245 b) 215 e) 260 c) 230 50 100 150 200 Labor 7. If labor is the only source of variable cost for ABC, we can determine that economic profits earned by ABC each production period will equal minus fixed costs. a) 810 b) 1,470 c) 2,480 d) 2,940 e) 3,260 3. If ABC is operating in a perfectly competitive output market, able to sell as many units of output as it wishes for a price of 0.50 per unit, the marginal product of the last worker hired by ABC equals: a) 4 b) 8 C) 16 d) 32 e) 64 9. If ABC is able practice 15t degree wage discrimination its profit will equal minus fixed costs. a) 1,125 b) 1.575 c) 1,850 d) 2,205 e) 2,485 10. Workers for ABC Textiles, Inc. form a union and negotiate a wage equal to 28,.. If labor costs are the only costs ABC incurs in production, ABC's profit per period will equal minus fixed costs a) 810 b) 1,040 c) 1,270 d) 1,450 e) 1,620 Page 2 of 6 1620 words " Focus + 90% Type here to search O 9 46OF Mostly cloudy 8:33 PM 11/15/2021 E