Market Power-Monopsony Power-Demand for Labor

Can someone please help me in finding out the accurate answer from the following question.

Siberian Software vends custom programs to multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberian’s programmers produce a value of the marginal product equivalent to approximately: (1) $24 per hour. (2) $18 per hour. (3) $21 per hour. (4) $12 per hour. (5) $9 per hour.

View Complete Question

Related Questions in Microeconomics

Q : Advertising for higher prices Brand

Brand name aspirin sells on higher prices than generic aspirin since: (w) higher prices mean higher quality. (x) they are chemically superior. (y) they cost more to produce. (z) advertising campaigns relate the brand name along with quality.

Q : Problem on decline of demand The

The automakers slashed prices and gave ‘zero percent financing’ throughout the year 2001-2003 recession. An expected outcome was: (1) The decline in the demand for utilized cars. (2) enhanced maintenance of older cars by their owners. (3) Buyers purchasing

Q : Examples of Labor

The contracts needing employment after some worker’s jobs have been made obsolete through automation are illustrations of: (i) Blacklisting. (ii) Labor-reducing protectionism. (iii) Check-off provisions. (iv) Yellow dog contracts. (v) Feather-bedding.

Q : Price hike in short run I have a

I have a problem in economics on Price hike in short run. Please help me in the following question. In short run, the demand curve for the potatoes will not be influenced by price hikes for: (i) Potatoes. (ii) Bread. (iii) Rice. (iv) Steak.

Q : Market shifting while supply fallen and

Specified the shifts demonstrated in the market for peanuts, there is the: (1) price will fall.(2) quantity of output will rise slightly. (3) supply has fallen while demand has grown. (4) main adjustment happens in the quantity exchanged. (5) va

Q : On which point demand appears to be

On this demonstrated figure of demand curve for DVD games, demand appears to be approximately unitarily elastic at: (w) Q = O, P = $50. (x) Q = 10, P = $O. (y) Q = 5, P = $25. (z) No point on the demand curve.

Q : Determine constant slope of demanded

The slope of this illustrated figure of demand curve for DVD games is: (w) constant. (x) greater at high prices than at low prices. (y) lower at low prices than at high prices (z) unitarily elastic.

Q : Margin requirements for deflationary gap

Elucidate the role of margin requirements for correcting deflationary gap.

Q : Long run economic growth When people

When people become optimistic about living longer and accordingly save more for their retirement years, in that case the decline into interest rates will tend to: (w) raise capital costs for business firms. (x) decrease investment expenditures. (y) di

Q : Emerge natural monopoly by economics of

A monopoly might emerge naturally while economies of scale: (w) are small relative to market demand. (x) do not exist. (y) are large relative to market demand for output. (z) and average costs are rising over the market output range.

Discover Q & A

Leading Solution Library

Avail More Than 1434931 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952135
Asked

3,689

Active Tutors

1434931

Questions
Answered

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

Submit Assignment