The employment of teaching assistants by major universities can be characterized as a monopsony. Suppose the demand for and supply of TAs can be characterized by the following equations: L = 100,000 – 50w. L =- 10,000 + 75w. (Demand for labor; MV) (Supply of labor; AE) where w is the wage (as monthly salary), and L is the number of TAs hired.

A. If the university takes advantage of its monopsonist position, how many TAs will it hire? What wage will it pay? What are the university's monopsony rents?
B. If, instead, the university was forced to act as a perfect competitor, how many TAs would it hire?
C. Calculate the change in consumers' surplus, the change in producers' surplus, and the deadweight loss when moving from the efficient solution to the monopsony solution.
D. Calculate the Lerner Index of Monopsony Power using two different formulas.

In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve. has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve. is a lower opportunity cost producer of the good.