--%>
Assignment Help - homework help

Differences in the arc elasticities of demands

The dissimilarities in the arc elasticities of demands for labor among the Ajax Corporation and Bosun Limited are consistent along with an inference which Bosun: (1) is a more profitable firm than Ajax. (2) hires more highly skilled workers than Ajax does. (3) will grow quicker than the Ajax Corporation. (4) can most likely substitute capital for labor more productively than Ajax can. (5) produces output which sells for a higher price than Ajax’s product.

1045_Elasticity of the Demand for Labor.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Nominal wages If the nominal wages of

    If the nominal wages of carpenters rose by 5 percent in the year of 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. B) increased by 2 percent. C) increased by 3 percent. D) increased by 8 percent.

    		•
  • Q : Maximize profits at fixed costs A

    A monopoly along with huge fixed costs but no variable costs will maximize profits where is: (w) the price elasticity of demand is vast. (x) total costs are minimized. (y) MR = MC = 0. (z) price minus average cost is maximized

  • Q : Supply law and it's factors State the

    State the Law of supply and explain the factors that affecting supply of commodity

    		•
  • Q : Problem based on type of economy Tell

    Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.

    		•
  • Q : For the firm For the firm, the major

    For the firm, the major goal of profit sharing plans is to: force workers to incur some of the business risk. overcome the monopsony problem of having to pay higher wages to attract additional workers. overcome the principal-agent problem by better aligning the workers' interests with

    		•
  • Q : Inefficient economic monopolists

    Monopolists are frequently considered inefficient since they set: (w) MR = MC to maximize profits. (x) P > MSC. (y) MSR < MSC. (z) output where average revenue equals price [AR = P] as well as marginal revenue equals marginal cost [MR = MC].

    		•
  • Q : Maximize profit by all levels of output

    A monopolist which can’t price discriminate and for that variable cost is zero for all levels of output will maximize profit where is: (w) the price is the maximum any buyer is willing to pay. (x) output exhausts productive capacity. (y) marginal cost = total re

    		•
  • Q : Price of input influencing goods supply

    Elucidate how does change in price of input influence the supply of a good.

    		•
  • Q : History-AFL-CIO The amalgamation of

    The amalgamation of American Federation of Labor, representing the craft unions and the Congress of Industrial Unions, representing the industrial unions, happened in: (i) 1955. (ii) 1960. (iii) 1970. (iv) 1965. (v) 1975. Find out

    		•
  • Q : Substitutes and compliments pizza and

    pizza and sausage substitute or compliment wheat and rye substitute or compliment

    		•