--%>

Labor Supply-Elasticity

I have a problem in economics on Labor Supply-Elasticity. Please help me in the following question. When we try to list the labor supplies from least elastic to the most elastic, then the most accurate ranking would most likely be: (i) Competitive firm, small industry and highly skilled occupation. (ii) Economy, skilled occupation and competitive firm in the small industry. (iii) Firm, economy, unskilled occupation and individual full-time worker. (iv) Economy, firm and individual full-time worker.

What is most precise answer.

   Related Questions in Microeconomics

  • Q : Marginal revenue product curve I have a

    I have a problem in economics on Marginal revenue product curve. Please help me in the following question. Demand for the labor through a monopolist in the product market is its: (i) Value of the marginal product (or VMP) curve. (ii) Marginal revenue

  • Q : Supply of bonds for demand for loanable

    An increase in the supply of bonds tends to: (1) reduce the interest rate. (2) occur simultaneously with an increase in the demand for loanable funds. (3) yield an increase gross investment but a decrease in net investment. (4) drive up the prices of

  • Q : Indication by data on poverty Data on

    Data on poverty into the United States indicate which: (w) in absolute numbers, additionally blacks are below the poverty line than whites. (x) in absolute numbers, more whites are below the poverty line than blacks. (y) the poverty rate is lower for

  • Q : Determine when demand for product is

    The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

    Q : Personal distribution of income Select

    Select the right ans wer of the question. The personal distribution of income refers to the: A) division of income between personal taxes, consumption expenditures, and saving. B) division of income on the basis of industry sources, for example, agriculture, transport

  • Q : Highly competitive market in long run I

    I have a problem in economics on highly competitive market in long run. Please help me in the following question. When markets are highly competitive, in long run then: (1) Economic profits will be positive. (2) Economic gains will be negative. (3) Economic profits wi

  • Q : Principal-Agent Problems instance An

    An instance of the principal-agent trouble would be:  (i) The student failing an exam since he did not study. (ii) The crook being caught as he made much noise. (iii) My son purchase baseball cards with the money I gave him to purchase milk for t

  • Q : Market interest rate at break-even

    When land that rents for $100,000 yearly can be bought for $800,000 now, it will be a break-even investment when the market interest rate is: (i) 6%. (ii) 10%. (iii) 12.5%. (iv) 15%. (v) 8%. Can anybody suggest me the proper explan

  • Q : Supply curve The short-run industry

    The short-run industry supply curve is found by what?

  • Q : Firm under perfect competition The firm

    The firm beneath perfect competition is a price taker by the reasons shown below:A) Number of firms: The number of firms beneath perfect competition is so big that no individual firm by changing sale, can cause an