Bridge Coal Company Is the Only Employer in a Remote

question 79

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 price of coal increases, then the firm's quantity of labor demanded ________ and the equilibrium wage ________.

• A) decreases; decreases
• B) decreases; increases
• C) increases; decreases
• D) increases; increases

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Definitions:

Meditation

A practice where an individual uses a technique – such as mindfulness or focusing their mind on a particular thought, object, or activity – to achieve mental clarity and emotional calmness.

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A type of brainwave detectable by EEG, associated with a state of wakeful relaxation.

Blood Lactate

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Sympathetic Nervous System

A part of the autonomic nervous system responsible for the body's 'fight or flight' response, activating physiological changes during stress or danger.