MicroEcon Question

Assume you open your own business. Your business is a service business and has zero marginal cost (think of a service that you charge a finder’s fee for whatever it is you find).
A- Use the MRC=MRP concept to determine if you would hire a friend asking to be paid $200,000/year. (4 points).
B- Assume you have determined that your friend is likely to bring $300,000 in fees to your business. Would offering your friend $200,000 be enough to attract him? Assume your friend is motivated solely by income and that your industry is purely competitive (3 points).
C. Would your answer in B change if you had monopsony power in your market? Explain your answer. (3 points)
The post MicroEcon Question appeared first on Submit Your Homework.
MicroEcon Question was first posted on January 2, 2021 at 8:11 pm.©2019 "Submit Your Assignment". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at support@essaysresearch.org

"Is this qustion part of your assignmentt? We will write the assignment for you. click order now and get up to 40% Discount"