Market supplies of labor in long run

During the long run, the labor supply curve facing a main industry: (w) will always be positively associated to the wage rate. (x) will slope upward only when individual labor supply curves slope upward. (y) can be backward bending at very high wage rates. (z) is the horizontal summation of individually derived supply curves.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Marginal revenue product of labor The

    The monopsonist will hire labor till the labor's marginal resource cost equivalents the: (1) Marginal revenue product of the labor. (2) Marginal physical product. (3) Value of average product of the labor. (4) Price of the labor. C

  • Q : Saving schedule Refer to the given

    Refer to the given figure.Choose the right answer from following. If the relevant saving schedule were constructed: A) saving would be minus $20 billion at the zero level of income. B) aggregate saving would be $60 at the $60 billion level of income. C) its slope woul

  • Q : Causes for diminishing returns to factor

    What are the causes for diminishing returns to factor? Answer: 1) Over utilization of

  • Q : Rate of return on financial assets The

    The rate of return on financial assets tends to be negatively associated to: (w) probability of default. (x) liquidity. (y) risk. (z) time to maturity. Please guys help to solve this problem of Economics

  • Q : Define monetary policy Define monetary

    Define monetary policy? What monetary measure can be accepted to control the condition of excess demand? It is the policy accepted by central bank exercising control over money rate of interest and credit situatio

  • Q : Types of good An increase in the income

    An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good

  • Q : Relative profitability and efficiencies

    From around 1890 until 1970 year, the “structure-conduct-performance paradigm” dominated theories concerning how firms behave in various types of markets. Here the word “performance” in this context consider to things as: (i) d

  • Q : Minor Inefficiencies in Monopolistic

    Minor inefficiencies generated since monopolistic competitors differentiate their products may be more than offset through the: (w) increase in economic equity. (x) expansion of the psychologically-meaningful choices obtainable to consumers. (y) reduc

  • Q : Demand for Labor-Monopsony Power When

    When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average salary of $700 per we

  • Q : Signals for sellers Can someone help me

    Can someone help me in finding out the right answer from the given options. The signals for sellers to lower the market price comprise: (i) Fast depletion of goods from the retail store shelves. (ii) Producers encompass more orders than they can hold.

©TutorsGlobe All rights reserved 2022-2023.