Monopolist maximizes the profit in product market

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

Choose the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Morphological attribute After the

After the morula phase what is the subsequent stage? What is the morphological attribute which defines this phase?

Q : Market in terms of economists To

To economists, the noun ‘market’ signifies to: (1) The geographic place where many products are sold. (2) Any institution which enables sellers and buyers to strike bargains. (3) The New York Stock Exchange. (4) Selling goods and resources or stocks and bo

Q : Demand for Complementary Goods Can

Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

Q : Average production cost by maximum

When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its average production cost per DVD will be roughly: (i) $3 per copy. (ii) $5 per copy. (iii) $7 per copy. (iv) $9 per copy. (v) $11 per copy.

Q : Formula for primary deficit What is the

What is the formula for primary deficit? Answer: Primary deficit = fiscal deficit – interest payment.

Q : Problem on facing comparable risks in

When a firm experiences an accounting profit which is less than the normal profit realized by the firms of comparable size and facing the comparable risks, the firm: (i) Has failed to compute the implicit costs. (ii) Should be facing entry barriers to the industry. (i

Q : Legal form of business in United States

Can someone help me in finding out the right answer from the given options. Which of the given below is not a legal form of the business in United States? (1) Partnership. (2) Corporation. (3) Limited partnership. (4) Producer cooperative. (5) All the above are

Q : Shortages and surpluses in the market A

A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. 1802_example</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Illustration of Inferior Goods I have a

I have a problem in economics on Illustration of Inferior Goods. Please help me in the following question. When the amount of a good your family purchases raises as your family income reduce, then the good is a/an: (i) Durable goods. (ii) Inferior goo

Q : Testing Functional structure models

Testing Functional structure models: It is often hard to tell whether the functional model structure chosen (which almost always in published work appears to generate consistent and robust results) is the only one tested or not.

Discover Q & A

Leading Solution Library

Avail More Than 1430273 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1937039
Asked

3,689

Active Tutors

1430273

Questions
Answered

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

Submit Assignment