Bridge Coal Company Is the Only Employer in a Remote

question 137

Multiple Choice

Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market. If the local population declines and there are fewer qualified coal miners available, which one of the curves used to determine the monopsony outcome in this market shifts?

• A) MV curve
• B) AE curve
• C) ME curve
• D) Both the ME and AE curves

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Definitions:

PLC Control

PLC (Programmable Logic Controller) control refers to the automation of machinery and processes using a specialized computer that executes instructions for logical operations, sequencing, timing, counting, and arithmetic to control machines and processes.

Desired Value

The target or setpoint value that a system or process aims to achieve or maintain.

LED Display

A flat panel display that uses light-emitting diodes as pixels for a video display, common in consumer electronics and advertisement boards.