--%>

Monopolist in the product market

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

For a monopolist in a product market, the value of marginal product of the labor: (i) Equivalents the marginal revenue product of the labor at all inputs. (ii) Is less than the marginal revenue product of the labor at all inputs. (iii) Surpasses the marginal revenue product at all the inputs of labor. (iv) Consists of no systematic relationship to the marginal revenue product.

   Related Questions in Microeconomics

  • Q : Features of monopolistic competition

    Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve

  • Q : Monopolistic exploitation of workers

    When a firm hires workers to a point where VMP > MRP = MFC = W then: (1) There is a bilateral monopoly condition. (2) Wage discrimination is being exercised. (3) There is monopolistic exploitation of the workers. (4) The firm consists of monopsony power.

  • Q : Consequence on inventories When planned

    When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie

  • Q : Spending on rail safety ‘How be

    ‘How be supposed to the government decide whether to spend in additional rail safety measures?’

  • Q : Changes in dollar receipts from sales

    The change within a firm’s dollar receipts from sales when this produces and sells one additional unit of output is termed as: (w) price. (x) marginal revenue. (y) average revenue. (z) contribution to overhead. Can anybody su

  • Q : Founder of Utilitarianism I have a

    I have a problem in economics on Founder of Utilitarianism. Please help me in the following question. The utilitarianism founder in England was: (i) Rupert Brooke. (ii) Jeremy Bentham. (iii) Thomas Dewey. (iv) John Stuart Mill. (v) Adam Smith.

    Q : Total revenue by quantity

    If LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total revenue equals the area of the rectangle as: (i) 0P2fq4. (ii) bdP4P1. (iii) 0P4dq2

  • Q : Law of Diminishing Marginal Utility

    The law of diminishing marginal utility might be evidenced by the person: (i) Smoking more however enjoying it less. (ii) Purchasing a new car subsequent to getting an increase. (iii) Distributing excess food to starving children. (iv) Who studies muc

  • Q : Short run effects of income tax rate If

    If this illustrated figure given Lorenz curves for distribution of income after taxes and transfers, the probably short run effects of 10 percent increases within both income tax rates and government transfer

  • Q : Price of input influencing goods supply

    Elucidate how does change in price of input influence the supply of a good.