Market supply of specialized labor

A supply of specialized labor tends to shrink while: (1) the social status of that field rises. (2) an increase in income expectations happens. (3) employment stability increases and training costs decrease. (4) wages rise into a field using similar skills. (5) people everywhere begin expecting a deep recession.

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

View Complete Question

Related Questions in Managerial Economics

Q : Merits and demerits of Scarcity

What are the merits and demerits of Scarcity Definition of economics?

Q : Describe the term trend projection

Describe the term trend projection.

Q : What are the certain assumptions in

What are the certain assumptions in production functions?

Q : Purely competitive labor market in

When this purely competitive labor market is firstly in equilibrium at D0L , S0L , an increase into labor force participation rates will result within equilibrium being attained at: (w) D0L , S0L . (x) D

Q : Illustrates the demand schedules

Illustrates the demand schedules important for law of demand? Answer: The perception of law of demand may be explained along with the demand schedules are as follow:

Q : Occurrence of backward bending supply

A backward bending supply curve is more likely to arise for the supply of: (1) labor. (2) land. (3) capital. (4) tomatoes. (5) leisure. Please choose the right answer from above...I want your suggestion for t

Q : Dependency of labor supplies Labor

Labor supplies depend on wage rates and also: (w) labor force participation and capital availability. (x) worker skills and preferences regarding employment. (y) technology and the price of output. (z) labor force participation and derived demand.

Q : Illustrates the environmental or

Illustrates the environmental or external issues.

Q : Competitive Supply Curves of Labor to

When a firm does not influence the wage rate no matter how many workers this hires, then: (1) MRPL = MRCL for all feasible output levels for the firm. (2) MRCL = MPPL for all feasible output levels for the firm. (3) MPPL = MRPL for all feasible output

Q : Supply of labor by increase in wages

If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15.

Discover Q & A

Leading Solution Library

Avail More Than 1424982 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938932
Asked

3,689

Active Tutors

1424982

Questions
Answered

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

Submit Assignment