--%>
Assignment Help - homework help

Monopolist maximizes profit

When a monopolist maximizes the profit in the product market, it will: (i) Hire labor till the marginal revenue product equivalents the marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents the marginal resource cost. (iii) Pay a wage equivalent to the value of marginal product of the labor. (iv) Not be capable to exploit the labor.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Profit maximization-output level in

    Profit maximization needs a purely competitive firm to manufacture at an output level where: (i) marginal revenue > marginal cost. (ii) marginal cost equals the competitive price. (iii) marginal cost is falling. (iv) marginal reven

    		•
  • Q : Problem relating to supply curve Can

    Can someone help me in finding out the right answer from the given options. The supply curve reveals the highest: (i) Stock on hand in inventory. (ii) Gains a firm makes by selling varying quantity of a good. (iii) Quantity of a good which sellers will offer at differ

    		•
  • Q : Why indifference curve is convex Why

    Why the indifference curve is convex to origin?

    		•
  • Q : Change in prices after short run demands

    Can someone please help me in finding out the accurate answer from the following question. The changes in gasoline prices do not change short-run demands for (1) Bigger versus smaller cars. (2) Gasoline. (3) Alternative forms of the transportation. (4) Batteries, Tire

    		•
  • Q : Shrinking of Production possibilities

    The Production possibilities frontiers are most probable to shrink when: (1) National income becomes less fairly distributed. (2) High-tech agriculture reduces jobs for migrant farm workers. (3) A 3-hour nuclear war blasts technology back to Stone Age

    		•
  • Q : High demand facing relatively

    Total revenue for Macho Man fake mustaches increased after the price raised from $15 to $17, showing that demand faced throguh Macho Man was: (i) relatively elastic. (ii) relatively inelastic. (iii) unitarily elastic. (iv) perfectly elastic. (v) perfe

    		•
  • Q : Employed Currency in 1700s In 1700s

    In 1700s what currency was employed?

    		•
  • Q : Asymmetric information Provide the

    Provide the solution of this question. The problem of asymmetric information is that: A) neither health care buyers nor providers are well-informed. B) health care providers are well-informed, but buyers are not. C) the outcomes of many complex medical procedures cannot be predicted. D) insurance co

    		•
  • Q : Amount of output supplied and price

    The amount of output supplied is exactly proportional to the price therefore the price elasticity of supply equivalents one into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Distorted competitive workings of the

    The competitive workings of the market for soy beans would be distorted when: (1) Europe experiences a severe drought and has paltry harvests this year. (2) Ethiopia imports soy beans to feed its hungry masses. (3) the U.S. imposes a soy bean embargo forbidding export

    		•