no corrections allowed in this trhreasd

Duo · Post by **Duo** » Mon May 13, 2002 8:54 pm

I can type very fast without making mistakes cant you see i am not looking at the keyboard (serioslu) as ou can see ok i tyep vearj

glory · Post by **glory** » Mon May 13, 2002 9:26 pm

this post is completly retarded and i hope whoever made it shall die, and i hate you kylefagmaster and sometimes i dont make typos and sometimes i make typos on purpose like calling you kylefagmaster, i just hate your ngr ass anyways and since i been taking keyboarding since 7th-9th grade, it really isn't that hard to type fast without looking. kthxbai`

Kungfubar · Post by **Kungfubar** » Mon May 13, 2002 9:42 pm

A single buyer is a factor market is known as a monopsony. Some economists refer to a monopsony as a "buyer?s monopoly." Monopoly, we recall refers to a single seller of a product; a monopsony is a single buyer of a factor.

Suppose a firm in a small town is the only buyer of labor because there are no other firms for miles around. This firm would be considered a monopsony. Because it is a monopsony, it cannot buy additional units of a factor without increasing the price it pays for the factor. The reason is that the supply of labor it faces is the market supply of labor. For the monopsonist, marginal factor cost increases as it buys additional units of a factor, and the supply curve of the factor is different from the monopsonist?s marginal factor cost curve.

Marginal factor cost increases as additional units of the factor is purchased. As workers are added, the wage rate must rise. For example, for the monopsonist to employ two workers, the wage rate must rise. For example, for the monopsonist to employ two workers, the wage rate must rise from $6.00 per hour to $6.05. To employ three workers, the monopsonist must offer to pay $6.10. Some persons contend that labor unions and collective bargaining are necessary in situations such as this, where labor is being paid less than its marginal revenue product. Furthermore, they argue that successful collective bargaining on the part of the labor union in this setting will not be subject to the wage-employment tradeoff it encounters in other settings.

An economist rarely answers questions without specifying the condition under which the answer is true. For example, if asked, "Does the minimum wage increase or decrease the number of persons working in the unskilled labor market?" The economist would answer, "In the case of monopsony, the minimum wage can increase the number of persons working; in the case of perfect competition, a minimum wage decreases the number of persons working." Sometimes the layperson misunderstands they type of response, thinking the economist is giving an ambiguous answer or hedging his bets. But the economist is simply trying to be as precise as possible (Arnold, p320).

By effectively flattening out the labor supply curve, the minimum-wage law can simultaneously increase both wages and employment in monopsonistic labor markets. The circumstances in which this can be done are the same as those in which a union that is facing a monopsonistic employer succeeds in setting a wage above the wage is raised above the competitive wage, employment will start to fall, as in the union case. When it is set at the competitive level, however, the minimum wage can protect workers against monopsony power and lead to increases in employment.

mr_lee · Post by **mr_lee** » Tue May 14, 2002 7:35 am

8i;'m typing this as quickly as i can and anyway earlier today i hit the pub with my mnate for a couple of swift pints of tassie's finest so it's significantly harder than if i didn't hit the puib i'm also touch typing this so fuck knows how it will turn out$*@@$

monkeys_heed · Post by **monkeys_heed** » Tue May 14, 2002 8:58 am

no im not a mackem i suport the boro which are a might mmighty team althogh we win nothing i am drinking a cheky red wine now it is mmm tasty

thats lucky im a mag so it would have been fun to take the piss out of a mackem if they went doswn on saturday but they didnt and youren ot a mackem anyway so it doesnt really matter. have you been watching auf wierdersehn pet ?

Captain Pissflaps · Post by **Captain Pissflaps** » Tue May 14, 2002 1:50 pm

thats lucky im a mag so it would have been fun to take the piss out of a mackem if they went doswn on saturday but they didnt and youren ot a mackem anyway so it doesnt really matter. have you been watching auf wierdersehn pet ?

only on-and-off - although i did see them filiming some of the scenes, which was exciting.

doesnt do much to detract from the 'smog monster' image - although i hear a few of our own fans were went to the fa cup semi final at old trafford dressed up like some geordies when they come to the riverside (i.e. boilersuits and face masks).

floyd · Post by **floyd** » Tue May 14, 2002 2:01 pm

preston northen end > newcastle > boro :tongue:

Captain Pissflaps · Post by **Captain Pissflaps** » Tue May 14, 2002 2:58 pm

agreed....50 years ago.

floyd · Post by **floyd** » Tue May 14, 2002 3:13 pm

agreed....50 years ago.

you'll have to go a bit further back than that! :D

http://www.prestonnorthend-mad.co.uk/footydb....mNo=426

Check out the games lost column.............

monkeys_heed · Post by **monkeys_heed** » Tue May 14, 2002 3:24 pm

thats lucky im a mag so it would have been fun to take the piss out of a mackem if they went doswn on saturday but they didnt and youren ot a mackem anyway so it doesnt really matter. have you been watching auf wierdersehn pet ?

only on-and-off - although i did see them filiming some of the scenes, which was exciting.

doesnt do much to detract from the 'smog monster' image - although i hear a few of our own fans were went to the fa cup semi final at old trafford dressed up like some geordies when they come to the riverside (i.e. boilersuits and face masks).

boilersuits and face masks? us mags divent wear boiler suits, its got to be black and whit or nowt else im afraid anyway i went to the match on boxing day and the best chant was `small town in yorkshire, youre just a small town in yorkshire` but i was impressed by the few smogs dressed up as santa claus on theday