Firms demand for labor, Assume that the international auto industry has become

Firms demand for labor

Assume that the international auto industry has become monopolistically competitive and you run a small automaker. The events which would not directly influence your firm’s demand for labor comprise: (i) Sales of your company’s most admired car unexpectedly doubling. (ii) The foreign competitor lowering its wage rate and hire more workers (iii) The latest robot now building twice as many cars twice as fast as the five workers can. (iv) Acquiring latest and less costly assembly machinery. (v) Prospective new employees receiving enhanced training prior to being hired.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : New entrance in limit pricing model of

Within the limit pricing model of strategic behavior, there the demand curve facing a new entrant will be: (w) horizontal. (x) the difference between industry demand and incumbent sales at each price. (y) the difference between the new entrant's outpu

Q : Economies of scale exist in range of

Natural monopoly refers to a market or industry in that: (w) economies of scale exist across much of the complete range of market demand. (x) superior management enables a firm to remove its competitors. (y) a firm produces a good protected through pa

Q : Market Prices signals I have a problem

I have a problem in economics on Market Prices signals. Please help me in the following question. Market prices are the: (1) Signals among sellers and buyers. (2) Generally higher than the opportunity costs. (3) Set by the government regulations. (4)

Q : Can GDP be more than GNP Can GDP be

Can GDP be more than GNP? Answer: Yes, GDP can be greater or more than GNP if NFIA is negative.

Q : Problem regarding Subjective Prices

Mike trades 6 vintage baseball cards for the Jake’s original Ty Cobb card. When Mike’s six cards had equivalent total market value with Jake’s Ty Cobb card, then this trade would show: (i) Unfair incentive. (ii) Demand price. (iii) Opportunity cost.

Q : Reason of existence of firms Can

Can someone please help me in finding out the accurate answer from the following question. The primary reasons for the existence of firms would not comprise: (1) Collecting sales taxes for government. (2) Entrepreneurial drives for the potential gains. (3) Cutting tra

Q : Monopolistic competition and product

The demand curve facing a monopolistically competitive firm might shift rightward when this: (w) increases wages to workers. (x) experiences a decline in costs. (y) advertises successfully. (z) responds strategically to competitors&rs

Q : Saving and Investment Lowered interest

Lowered interest rates since households have determined to save more tend to: (1) give incentives for financial investors to switch by stock to bonds. (2) reduce the optimal level of economic investment. (3) discourage investments in new residential c

Q : Increases in market demand of

Raised market demand for generic bricks would result within a(n) ___________ into the price of bricks as well as a(n) ___________ within this brickyard’s profit-maximizing output. (i) increase; decrease. (ii) increase; increase.

Q : Describe proportional in taxes as

Line T1 depicts in given graph as in below a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive.

Discover Q & A

Leading Solution Library

Avail More Than 1446426 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1933267
Asked

3,689

Active Tutors

1446426

Questions
Answered

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

Submit Assignment