--%>
Assignment Help - homework help

Maximize utility in competitive resource market model

Within the competitive resource market model, all households are assumed to sell the employ of resources in attempts to maximize: (w) income. (x) utility. (y) employment. (z) social welfare.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Managerial Economics

  • Q : Value of the Marginal Product The value

    The value of marginal product of a variable resource is marginal physical product of it multiplied with: (w) the marginal revenue from the sale of its addition to output. (x) its cost. (y) the price of the product. (z) one.

  • Q : Illustrates the major objectives of

    Illustrates the major objectives of demand analysis?

    		•
  • Q : Human Capital and the Demand for Labor

    Investment in human capital is not essentially involved while: (w) people acquire and sharpen new productive skills. (x) a person attends college and learns engineering. (y) a person jogs to stay in shape. (z) the marginal productivity of labor increa

    		•
  • Q : Operational or internal issues of

    What are the operational or internal issues of managerial economics?

    		•
  • Q : Backward bending of individual labor

    The labor supply curve facing a firm or industry is all the time upward sloping still when individual labor supply curves are backward bending since: (w) at higher wages everyone will supply more hours of work. (x) firms never pay wag

    		•
  • Q : Example of an investment in human

    A government-supported literacy program provided from a firm which primarily employs unskilled labor is an illustration of an investment in: (1) human capital depreciation. (2) business paternalism. (3) specific training. (4) laissez-faire economics.

    		•
  • Q : Characteristics of a good policy what

    what is that policy that talks about not changing the policy frequently?

    		•
  • Q : Negative Relationship in Demand for

    The demand curve for labor can be demonstrated as a negative relationship between: (w) the quantity of labor demanded and the wage rate. (x) labor productivity and the quantity of labor used. (y) employment and output. (z) wages and GDP.

  • Q : Illustrates the term long run

    Illustrates the term long run production function?

    		•
  • Q : What are the characteristics of a

    What are the characteristics of a business cycle?

    		•