Curated OER
Chapter 28: Wage Determination
Answer questions on minimum wage and labor models with this economics presentation. Thorough and precise, these slides make a great accompaniment to a lecture on labor and wages. A list of key terms allows viewers to readdress and...
Curated OER
Firm in the Middle
In this Firm in the Middle worksheet, students analyze a diagram and answer several questions, then they look at a model and write about examples that could fit into it.
Other
Notes for Chapter 3: (Marginal Product)
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Other
Illinois State University: Factor Markets With Wage Setting Power
A description of how a monopsonist is able to determine quantity and wages in the labor market.
Tutor2u
Tutor2u: Monopsony Power in Markets
A description and example of a monopsony with respect to the minimum wage.
Khan Academy
Khan Academy: Monopsony: Foundational Concepts
Practice what you've learned about the foundational concepts about monopsony markets in this four-question exercise.
Khan Academy
Khan Academy: Monopsonistic Markets
A monopsony exists when there is a single buyer of a a good, service, or factor of production. Practice what you have learned about how monopsony power affects how much of a factor is hired, the payment for that factor, and the impact on...
Curated OER
Demand Curve, Mr, and Ar Curves Under Alternative Output Markets
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Downward Sloping Mrp Curve Diagram
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Horizontal W=mfc Curve
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp and Mfc Curves Together
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp and Mfc Curves Together
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Labor Market Equilibrium With a Payroll Tax
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
A Minimum Wage and a Monopsony Employer
A description and example of a monopsony with respect to the minimum wage.
Curated OER
Monopoly/monopsony Power in Trade
Examples of large country importers and large country exporters are used to explain and compare the concepts of monopolies and monopsonies.