Labor union and an unregulated public utility

I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists. (2) Push up wages or prices, while decreasing employment or output. (3) Tend to decrease the economic efficiency. (4) All the above.

Choose the right answer from above.

View Complete Question

Related Questions in Microeconomics

Q : Maximize profit by marginal revenue and

Prohibition Corporation’s very famous St. Valentine’s Day software is going within version 6. The very first point Prohibition requires to classify in its quest to maximize profit is the: (1) point e. (2) point f. (3) point g. (4) point h.

Q : Determine price and quantity when

When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises.

Q : Shift in market equillibrium Grape

Grape jelly and Peanut butter are strong complements. Assume that severe mold ruined half of this year’s peanut harvest. When the grape jelly market was primarily in equilibrium on S0D0, then this market would shift to: (a) S1D0. (b) S0D2. (c) S2D0. (d) S2D2. (e

Q : Maximizing profit by hiring labor The

The firm maximizes profit by hiring the labor at a point where labor’s: (i) Marginal physical product equal its average physical product. (ii) Marginal revenue product equivalents its marginal resource cost. (iii) Rate of exploitation is maximum. (iv) Wage rate

Q : Average Product and Marginal Product

State the relationship among Average Product and Marginal Product? A) If MP > AP, then AP is rising B) If MP = AP, then AP is maximum C) If MP < AP, then AP is falling

Q : Monopolies in the short run Monopolies

Monopolies tend to shut down in the short run when: (1) price is less than the minimum of average total costs [ATC]. (2) price cannot cover all overhead costs. (3) potential revenue cannot cover total variable costs. (4) total costs exceed total reven

Q : Marginal Productivity Theory about

Differences into the demands for various resources, into the talents and kinds of labor people possess, within labor/leisure trade-offs, into inheritances, and by luck all play roles into explaining: (1) differences in income among individuals. (2) the term structure

Q : Graphical shift of supply curve When

When market supply and demand curves for Velcro shoelaces were projected into a screen at the front of this room, a raise in the supply of Velcro shoelaces would be illustrated graphically by a shift of supply curve: (1) Towards the center of Earth. (2) To the left. (

Q : Problem on Long-Run Adjustments Since

Since longer time intervals are considered, the quantities demanded for most goods become __________ to any modification in price. (1) Directly related. (2) Less responsive. (3) Less enamored. (4) Indifferent. (5) More responsive.Find out the right answer from t

Q : Interest Rate by Holding a Bond When

When you hold a bond if the interest rate rises, you will: (w) have less money when you sell it. (x) receive more interest income. (y) gain by shifting funds to the stock market. (z) eventually spend more and save more.

Discover Q & A

Leading Solution Library

Avail More Than 1443647 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925522
Asked

3,689

Active Tutors

1443647

Questions
Answered

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

Submit Assignment