--%>

Competitive Markets-Unions of labor

Can someone please help me in finding out the accurate answer from the following question? The purely competitive labor markets are not characterized through: (w) Most of the individual buyers and sellers of the labor services. (x) Wages equivalent to the marginal resource costs. (y) Labor unions. (z) Price taking sellers and buyers of labor services.

   Related Questions in Microeconomics

  • Q : Examples of command economies Give the

    Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.

  • Q : Importance of Store of Value function

    Importance of Store of Value function of money: People save a portion of their earnings for utilization in future. But in what form? Money fulfills this requirement of the people. Money as a store of value signifies that money is an asset and can be s

  • Q : Determine area of maximum profit For

    For LoCalLoCarbo maximum profit equals the area of the rectangle as: (1) 0P1bq2. (2) bdP4P1. (3) 0P4dq2. (4) bcP3P1. (5) 0P2fq4.

    Q : Marginal revenue of purely competitive

    When boosting output by hundred units raises total revenue by $1200, in that case a purely competitive firm’s marginal revenue the same as: (w) $1,200. (x) $120. (y) $12. (z) $120,000. I need a good answer on

  • Q : Determine when demand for product is

    The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

    Q : Consumer behaviour Graphical

    Graphical representation of relationship between MPC and multiplier?

  • Q : Consumers for Mortgage Funds Not in

    Not in between the total demands for loanable funds would be the demands of: (1) consumers for financial capital. (2) business firms for financial capital. (3) government for loanable funds to cover budget deficits. (4) consumers for mortgage funds. (

  • Q : Increasing elasticity of the demand for

    The elasticity of the demand for labor tends to rise as there are raises within the: (1) amount of capital utilized in a production process. (2) rate of automation in an industry. (3) difficulty in substituting between different resources. (4) share o

  • Q : Relatively market power The firm from

    The firm from the given list with relatively the most market power would probably be: (w) General Motors. (x) the world's biggest wheat farm. (y) a gas station in Wayout, Wyoming that has no competitors into 70 miles. (z) the BestBuy in Durham, North

  • Q : Theory of production and cost in long

    In the theory of cost and production, the long run is the period: (i) Of 1-year or longer. (ii) Of 5-years or longer. (iii) In which we all are dead. (iv) Permitting the capacity to wholly adjust. Can someone pleas