--%>
Assignment Help - homework help

Monopsonistic labor market-wage discrimination

In the monopsonistic labor market in which wage discrimination is not possible, the raise in the minimum wage: (i) Essentially outcomes in less employment and higher wages. (ii) Might result in both the higher level of employment and the higher wage rate. (iii) Uniformly causes higher unemployment. (iv) Essentially yields bigger total incomes for all the workers.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Complementary Goods-Increasing prices

    When the price of hot dogs rises, you would suppose the demand for: (i) mustard to rise. (ii) Hot dogs to reduce. (iii) Buns to rise. (iv) Hot dogs to rise. (v) Buns to reduce. Find out the right answer from the above options.

    		•
  • Q : Transaction costs in entrepreneurship

    When you became an entrepreneur, in that case the transaction costs incurred in containing a luau for your employees would not comprise: (w) filling your car along with gasoline on the way to picking up the pig and poi. (x) time you u

    		•
  • Q : Determine Gini index in Loren curve

    Since lifetime earning patterns differ, in that case the Gini index will: (1) continue to rise over time. (2) never reach zero or perfect equality. (3) remain constant. (4) surpass 100 in the near future. (5) be lower for developing countries than for

    		•
  • Q : Product differentiation through

    Firms are not only trying to differentiate their products within the minds of consumers while: (1) main networks launch comparable programs to mimic successful “reality TV” shows. (2) beer advertisers feature wild parties in TV advertisements. (3) a deterg

    		•
  • Q : Synonym for the economists term utility

    I have a problem in economics on Synonym for the economist’s term utility. Please help me in the following question. The reasonably close by synonym for the economist’s term utility is: (1) Consumption. (2) Marginalism. (3) Discontentment. (4) Satisfaction

    		•
  • Q : Paying bond by given interest rate When

    When you buy a bond when the interest rate is 10 percent and sell it while the interest rate is 15%, you will obtain: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) identical amount that you paid for the bond. (z) income

    		•
  • Q : Utility Analysis problem The marginal

    The marginal utility curve can much loosely be translated into the demand curve by: (1) Measuring its declining part in dollars. (2) Transforming utils into the prices. (3) Horizontally summing up everyone’s MUs at each and every price. (4) Setting MUa/Pa = MUb/

    		•
  • Q : Maximum consumer surplus A

    A characteristic Hollywood star derives the maximum consumer surplus from: (i) Calvin Klein underwear. (ii) Water. (iii) Mercedes Benz 600SEs. (iv) DeBeers diamonds. (v) Publicity in "The National Enquirer." Can so

    		•
  • Q : Area below supply curve of resource The

    The area below a resource’s price line although above its supply curve is: (w) consumer surplus. (x) monopoly profit. (y) excess value. (z) economic rent. Can anybody suggest me the proper explanation for giv

    		•
  • Q : Reducing prices due to a commodity

    Which of the given would NOT be taken as predatory behaviour: (w) Rapid technological innovation. (x) Reducing prices due to a commodity surplus. (y) Duplicative products intended to absorb shelf space. (z) Introduction of close substitutes for rivals

    		•