--%>
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 : Output level on marginal revenue and

    When the firm produced at output level q2, this produced where: (w) MR = MC. (x) MR > MC. (y) MR < MC. (z) P < MC.

    Q : Intermediaries earn income to help

    In the long run within a market system, all intermediaries earn income only when they help sellers and buyers: (w) raise surpluses. (x) by innovating new products. (y) reduce transaction costs. (z) ga

    		•
  • Q : Monopsony and Marginal Resource Costs

    The marginal resource cost for the monopsonist in labor market which can’t discriminate the wage: (1) Is perfectly inelastic. (2) Lies beneath the market supply of labor. (3) Lies above market supply of the labor. (4) Is perfectly elastic.

    		•
  • Q : Percentage of incomes persistently The

    The percentage of American families along with incomes persistently below the poverty line is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Can anybody suggest me the proper explanation for given problem regardi

    		•
  • Q : Define Marginal rate of Substitution or

    Marginal rate of Substitution (MRS): It is the rate at which a consumer is prepared to give up one good to get the other good.

    		•
  • Q : Perfect mobility and perfect information

    The model of perfect competition assumes perfect mobility and perfect information. Transaction costs are not present; therefore all buyers and sellers base decisions on the best information obtainable to anyone else, as well as transportation (mobilit

    		•
  • Q : Interest Rate Reinvestment Risk Explain

    Explain the term Interest Rate Reinvestment Risk in detail?

    		•
  • Q : Strategic barriers to entry Extensive

    Extensive national advertising can be a form of: (1) natural barrier. (2) strategic barrier. (3) regulatory barrier. (4) price discrimination. (5) moral hazard. Can anybody suggest me the proper explanation for given problem regard

    		•
  • Q : Problem on utilitarian philosophy Can

    Can someone help me in finding out the right answer from the given options. The utilitarian philosophy didn’t depend on the supposition that: (i) The greatest good for greatest number is the finest social goal. (ii) Individual utilities can be summed up to measu

    		•
  • Q : Market Supplies of Labor I have a

    I have a problem in economics on Market Supplies of Labor. Please help me in the following question. In long run, the labor supply curve facing the major industry: (i) Will always be positively associated to the wage rate. (ii) Will slope upward if and only if individ

    		•