--%>
Assignment Help - homework help

Competitive Markets and Labor unions

I have a problem in economics on Competitive Markets-Labor unions. Please help me in the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) Salaries equivalent to the marginal resource costs. (3) Labor unions. (4) Price taking sellers and buyers of the labor services.

Choose the accurate option from the above.

   Related Questions in Microeconomics

  • Q : Elasticity of supply when product

    Since the supply of land is fixed, then the: (w) demand for land is absolutely horizontal. (x) supply of land is completely elastic. (y) demand for land is absolutely vertical. (z) supply of land is perfectly inelastic.

    Q : Alfred Marshall categorization of

    If Alfred Marshall categorized the analytical periods of time, he supposed that in short run it is: (i) Not possible to vary technology and at least one resource is fixed and hence at least one kind of cost is as well fixed. (ii) Possible to move the resources from on

    		•
  • Q : Optimal market solution of marginal

    From society’s point of view, an optimal market solution is attained while: (w) everyone’s income is equal. (x) all goods are given in the economy. (y) marginal social costs only equal marginal social benefits. (z) consumer surplus equals

    		•
  • Q : What is Marketability What is

    What is Marketability. Write some points for it.

    		•
  • Q : Minimizes economic losses by

    When it is feasible for total revenue to cover all variable costs, an unregulated monopoly which does not price discriminate maximizes economic profits or else minimizes losses through producing the r

    		•
  • Q : Determine linear demand curve-elasticity

    Beside a negatively sloped, that has straight-line demand curve, there one constant is: (w) price. (x) quantity demanded. (y) slope. (z) the price elasticity of demand. Please guys help to solve this problem of

  • Q : Less present value by given price When

    When the market interest rate exceeds the rate of return you compute on an asset: (i) competition for profit must make its price rise quickly. (ii) its present value is less than its price. (iii) the market is in long term equilibrium

    		•
  • Q : Defined Welfare Recipients By

    By description, a family of four receives welfare when it: (1) pays a smaller share of taxes than its share of benefits from government. (2) lives below the poverty line. (3) includes a student attending college on an academic scholar

    		•
  • Q : Negative GDP gap A large negative GDP

    A large negative GDP gap implies: A) an excess of imports over exports. B) a low rate of unemployment. C) a high rate of unemployment. D) a sharply rising price level.

    		•
  • Q : Substitute goods in cross-elasticity of

    The cross-elasticity of demand among any pair of goods is positive when the goods are: (i) luxuries. (ii) necessities. (iii) complements. (iv) substitutes. Hey friends please give your opinion for the problem of