--%>
Assignment Help - homework help

Market Power-Monopsony Power-Employment

With a specific market demand for the product and a specific market labor supply curve, the employment will be smallest if a firm is: (1) Monopolist in product market and a pure competitor in the labor market. (2) Pure competitor in labor and product markets. (3) Pure competitor in product market and a monopsonist in labor market. (4) Monopolist in the product market and a monopsonist in labor market.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Human Capital-Individuals premium wages

    The firm which offers its workers by substantial specific training tends to: (i) Pay such individuals premium wages to try to make sure retaining such workers. (ii) Need workers to sign the legal contracts of indenture and peonage. (iii) Raise worker productivity appr

    		•
  • Q : Zero or negative marginal utility of a

    Whenever the marginal utility of a good becomes negative or zero: (i) Goods are transformed to the bads. (ii) Net utility reaches the maximum and then declines. (iii) The maximum total advantages have been squeezed from good. (iv) People are unwilling

    		•
  • Q : Operating in state-Right-to-Work Laws

    When it is illegal to necessitate union membership as a condition of employment for firm, then the firm: (1) Needs all the employees to sign the yellow dog contracts. (2) Can’t sign an agency shop agreement with the union. (3) Can need settlement before workers

    		•
  • Q : Problem on opportunity cost of consumer

    Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:

  • Q : Tourism effects How tourism effects in

    How tourism effects in an upcoming industry?

    		•
  • Q : Profit-maximizing firm at shutdown point

    When MR exceeds both marginal costs and average variable costs at the recent rate of production, in that case a profit-maximizing firm will: (w) increase output. (x) decrease output. (y) have no incentive to change output. (z) be maximizing profits.

    		•
  • Q : Standard of Income Distribution

    According to the requirements standard of income distribution: (w) marginal productivity is easily measured. (x) people’s needs are proportional to their marginal products. (y) income must be distributed in proportion to people’s needs. (z

    		•
  • Q : Boosting total revenue by elastic price

    Price hikes for DVD games will boost total revenue providing the price is: (w) located on this demand curve. (x) above $30. (y) below $30. (z) below $25.

    Q : Giving wholesale price per dozen by

    When Rose Garden Wholesalers has a typical type cost structure of rose farms within this purely competitive industry, into the long run new competitors would most likely enter the market providing the wholesale price

    		•
  • Q : Occurrences of imposing tax on

    You regularly buy artichokes that happen to be perfectly elastically supplied within the long run. Therefore government imposes a tax upon artichokes. Then the tax is eventually borne by: (w) retailers. (x) consumers. (y) consumers and artichoke farme

    		•