Derived Demand for Labor in competition

The faddish popularity of Atkins and South Beach diets both, and both of that advise dieters to eat more meat and to decrease the intake of starchy carbohydrates, most likely decreased incomes most sharply for: (1) grocery store clerks. (2) cattle ranchers. (3) sushi chefs. (4) executives of the Krispy Kreme Donut Company. (5) plastic surgeons.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Problem on diminishing returns I have a

I have a problem in economics on Problem on diminishing returns. Please help me in the following question. The principle of diminishing marginal utility is a contrast of the law of: (1) Comparative consumer benefit. (2) Diminishing returns. (3) Effective explanation.

Q : Diminishing marginal utility and

The three reasons for downward slope of a demand curve are: (1) Diminishing marginal utility, income effect and the substitution effect. (2) Scarcity, tastes & preferences, and purchasing power. (3) Opportunity costs, rational decision making and

Q : Labor Contracts-Check-off Provisions

Can someone help me in finding out the right answer from the given options. The check-off provision stated as: (1) Was outlawed by Taft Hartley Act. (2) Is illegal in the union shops. (3) Simplifies the union dues collection. (4) Differentiates union shops from the ag

Q : Marginal revenue with price discriminate

For any firm along with some degree of market power but that cannot price discriminate, the price is: (w) constant along the demand curve. (x) identical with marginal revenue. (y) greater than marginal revenue. (z) less than marginal revenue.

Q : Relationship between MC and ATC What

What happens to ATC if MC < ATC? Answer: ATC will down or fall.

Q : Minimal Materials in Relative Poverty

After the minimal materials essential for survival are attained, poverty becomes: (w) an absolute concept. (x) more prevalent in North America than elsewhere. (y) measured by the income level required to meet minimal psychological needs. (z) a relativ

Q : Problem on Long-Run Adjustments Since

Since longer time intervals are considered, the quantities demanded for most goods become __________ to any modification in price. (1) Directly related. (2) Less responsive. (3) Less enamored. (4) Indifferent. (5) More responsive.Find out the right answer from t

Q : Increasing cost industries when

When resource supply curves facing an industry are positively sloped, in that case the exit of firms which have incurred losses will result in: (w) higher prices and lower output for the industry, although lower average production costs for the surviv

Q : Question based on balance sheets Help

Help me to solve this problem. Refer to the given balance sheets. If the reserve ratio is 25%, the maximum money-creating potential of the commercial banking system is: A) $36. B) $17. C) $48. D) $24.

Q : Shutdown point of purely competitive

A purely competitive firm will shut down while: (w) marginal costs exceed marginal revenues. (x) this cannot cover its fixed costs. (y) marginal revenue falls below average total costs (z) this can’t cover its variable costs.

Discover Q & A

Leading Solution Library

Avail More Than 1441949 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1937068
Asked

3,689

Active Tutors

1441949

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment