--%>

Least probable resource for supply curve

The resource least probable to conform to the supply curve demonstrated in this figure would be: (w) land. (x) capital. (y) labor. (z) entrepreneurship.

233_Problem on Economic Rent.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Example of Speculation Throughout

    Throughout periods while the activities of speculators raise the volatility and average level of prices, classical speculators are most probable to: (1) gain profits by buying high and selling low. (2) reduces the risks to other firms of doing busines

  • Q : Firms producing similar good Firms

    Firms which operate numerous plants that produce similar good are: (i) Vertically integrated. (ii) Generating leakages in circular flow. (iii) Proprietorships. (iv) Horizontally integrated. Can someone please help me in finding out

  • Q : Monopsony Power and the Demand for Labor

    Can someone help me in finding out the right answer from the given options. The labor monopsonist will hire labor up to a point where marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the wage. (3) Revenue product

  • Q : Characteristic of a purely competitive

    A purely competitive firm: (w) faces a perfectly inelastic demand curve. (x) sets its own price. (y) is a price taker. (z) sells a differentiated product. Can someone explain/help me with best solution about proble

  • Q : Social Welfare and Value of Marginal

    I have a problem in economics on Social Welfare and Value of Marginal Product of Labor. Please help me in the following question. The social value of additional output from the additional units of labor is: (i) Marginal revenue of the product of labor

  • Q : Estimate profit-maximizing price The

    The profit-maximizing price for RoboMaids is: (1) $24,000 per robot. (2) $20,000 per robot. (3) $16,000 per robot. (4) $12,000 per robot. (5) $10,000 per robot.

    Q : Competition and Social Welfare The

    The purely competitive firm in an output market which hires from a purely competitive labor market will use labor at the point where VMP = W as the firm: (i) Operates in the society's best interest. (ii) Wants to be pretty fair to workers. (iii) Is eg

  • Q : Instance of Adverse Selection Nutcake

    Nutcake Products hires new staffs devoid of revealing that the rising demand for nutcakes and partial staffing make it not possible for staffs to take their guaranteed 2-week vacations. Nut cake’s shortage of candor is most unambiguously an instance of: (1) Symm

  • Q : Resource demands from purely

    Relative to the resource demands from purely competitive sellers, demands through imperfectly competitive firms for resources tend to: (1) Perfectly price elastic. (2) Upward sloping. (3) Backward bending. (4) Less price elastic. (5) Perfectly price inelastic.

  • Q : Supply of labor in perfectly

    Supply of labor in perfectly competitive market