--%>
Assignment Help - homework help

Market power at output market

The profit-maximizing firm which is perfectly competitive in the resource market however which consists of market power in the output market will hire the labor at a point where: (p) VMP = MRP = MFC = w. (q) VMP > MRP = MFC = w. (r) VMP = MRP = MFC > w. (s) VMP > MRP = MFC > w.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Explain about Welfare Recipients When

    When the ratio of [tax burdens upon you] / [taxes upon all taxpayers] is less than the ratio [benefits to you by government programs] / [benefits of government programs realized through all residents of the country], in that case it seems reasonable to explain you as

    		•
  • Q : International demand or supply affected

    Sixty Chinese manufacturers have started producing generic staplers. Since each factory is very small to noticeably influence the international demand or supply for staplers, every firm is: (1) a cartelized seller. (2) a price taker. (3) a primary goo

    		•
  • Q : Example of perfectly price inelastic A

    A candy factory now produced 5.2 million packages of gummy worms as well as sold them for $1.27 each this annum. Last year this sold 4.7 million packages of gummy worms sold for $1.36 each. That firm’s gummy worms have demand which is: (1) perfe

    		•
  • Q : Possessing a problem of Moral Hazard I

    I have a problem in economics on possessing a problem of Moral Hazard. Please help me in the following question. The Moral hazard poses a problem if: (i) People with health insurance acquire flu shots. (ii) Persons who are sicker purchase health insur

    		•
  • Q : Monopolistic-Exploitation problem In

    In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (i) P and MR. (ii) P and MC. (iii) Total revenue and net cost per unit of output. (iv) Output price and rate of monopsonistic exploitation. (v) VMP and MRP.

    		•
  • Q : Profit-maximizing monopolistically

    A profit-maximizing monopolistically competitive firm will operate where is: (w) MR > MC. (x) MR = MC. (y) P < MR. (z) P < MC. Can anybody suggest me the proper explanation for given problem regarding

  • Q : Relative Income Measures and

    After adjusting income for taxes and transfers, affects that would be least responsible for the reducing percentages of the U.S. population classified like “middle relative income” from 1976 is probably: (

    		•
  • Q : When is total revenue maximized If a

    If a monopolist’s marginal revenue is zero, then: (1) total revenue is zero. (2) demand is perfectly inelastic. (3) the price of the product exceeds average cost. (4) economic profit is zero. (5) total revenue is maximized.

    Q : Tax on a good tends to make The tax on

    The tax on a good tends to make: (i) Inflationary pressure the govt. can disperse by cutting its spending. (ii) The wedge among prices buyers pay and the prices sellers obtain. (iii) Rises in supply from the viewpoint of buyers. (iv) More quick transa

    		•
  • Q : Relatively price inelastic and consumer

    When demand for a consumer good is relatively price inelastic, in that case the: (i) total spending of consumers will decline when the price rises. (ii) demand curve is linear and vertical. (iii) price of the good is determined through supply alone. (

    		•