Question: How do labor - saving technologies differ from labor - complementary technologies? A . Labor - saving technologies substitute for existing labor inputs, while labor

How do labor-saving technologies differ from labor-complementary technologies?
A. Labor-saving technologies substitute for existing labor inputs, while labor-complementary technologies augment existing labor inputs.
B. Labor-saving technologies result in lower wages and less employment, while labor-complementary technologies result in higher wages and more employment.
C. Labor-saving technologies decrease the marginal product of labor, while labor-complementary technologies increase the marginal product of labor.
D. All of the above.
For simplicity, consider a monopolist with no costs whatsoever; thus profit is revenue, which is just price multiplied by quantity. Demand consists of two gre are 14 adults: 10 are willing to pay $30 and 4 are willing to pay $20. There are also 16 children: 6 are willing to pay $20 and 10 are willing to pay $10.
The best single (uniform) price to charge is $20.
Suppose the monopolist could price discriminate by setting a different price for each group.
The monopolist's best price to charge adults is $, and his best price to charge children is $
For simplicity, consider a monopolist with no costs whatsoever; thus profit is revenue, which is just price multiplied by quantity. Demand consists of two gre are 14 adults: 10 are willing to pay $30 and 4 are willing to pay $20. There are also 16 children: 6 are willing to pay $20 and 10 are willing to pay $10.
The best single (uniform) price to charge is $20.
Suppose the monopolist could price discriminate by setting a different price for each group.
The monopolist's best price to charge adults is $, and his best price to charge children is $
How do labor - saving technologies differ from

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