Exploitation and the Wage Rate

Assume a neither firm possessing both the monopsony power as an employer and the market power in its output market, however which can neither wage discriminate nor price discriminate. In the equilibrium in its labor market for workers, of the given variables the lowest value is most probable to be for: (1) Price of the output. (2) Wage rate. (3) Marginal resource cost of the labor. (4) Marginal revenue product of the labor. (5) The value of marginal product of the labor.

Choose the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Monopsonistic labor market-wage

In the monopsonistic labor market in which wage discrimination is not possible, the raise in the minimum wage: (i) Essentially outcomes in less employment and higher wages. (ii) Might result in both the higher level of employment and the higher wage rate. (iii) Unifor

Q : Probable quantity of the good by price

Price discrimination which successfully increases profit does NOT needs the firm to be capable to: (1) separate the market within different groups along with different demand elasticities. (2) maintain entry barriers which defend a firm’s market

Q : Concept of Horizontal Equity Equity of

Equity of fairness is an ambiguous idea, in part since people’s personal qualities can vary greatly. Conversely, that policymakers should treat people equally when they are roughly identical in the characteristics thought relevant for government policies is exte

Q : Capital Market in Private Economy This

This capital market is within this illustrated figure a closed private economy. The first plans of savers and investors are demonstrated as curves S0 and I0. There market equilibrium will exist at: (1) point a. (2) point b. (3) point

Q : Competition and Labor Markets Can

Can someone please help me in finding out the accurate answer from the following question. With similar market demand for its product and similar market labor supply curve, employment will be maximum when the firm is: (1) Pure comp

Q : Requirement of production costs

Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope. Find out the right answer from the above o

Q : Break even and zero economic profit at

Within the long run, after HoloIMAGine’s holographic technology patents lapsed moreover entry and exit became probable in this market, therefore HoloIMAGine would be expected to: (w) carry on to reap economic profits. (x) break even and experien

Q : Efficiency Wages-Expected losses

Expected losses to the workers from shirking are raised when a firm accepts a policy of: (1) Dividing the productive tasks and hence the division of labor is optimal. (2) Paying the efficiency wages which surpass market-clearing wages. (3) Avoiding the legal liability

Q : Normative Economics and Income

The fundamental economic question probably to generate answers heavily based into debatable value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods society chooses to produce? (3) to whom will the goo

Q : Resource of supply curve The resource

The resource probably to conform to the supply curve demonstrated in this figure would be: (1) housing. (2) capital. (3) labor. (4) land. (5) entrepreneurship.

Discover Q & A

Leading Solution Library

Avail More Than 1431018 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949800
Asked

3,689

Active Tutors

1431018

Questions
Answered

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

Submit Assignment