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→Questions on Week 11
Assuming your math is correct above, the price would not decrease when the supply increases '''unless this is a monopoly'''. Instead, this is a '''monopsony'''. So the company would be indifferent between three or four employees, but probably prefers four employees because he is helping more people that way and has greater protection in case an employee quits or becomes sick.--[[User:Aschlafly|Aschlafly]] 12:37, 30 April 2007 (EDT)
Assuming your math is correct above, the price would not decrease when the supply increases '''unless this is a monopoly'''. Instead, this is a '''monopsony'''. So the company would be indifferent between three or four employees, but probably prefers four employees because he is helping more people that way and has greater protection in case an employee quits or becomes sick.--[[User:Aschlafly|Aschlafly]] 12:37, 30 April 2007 (EDT)
Mr. Schlafly, on question eight, what did you mean by "explain". What exactly did you want us to explain?
Daniel Nicoloso
== Questions for Midterm Exam ==
== Questions for Midterm Exam ==