--%>

Monopsony Power and Demand for Labor

When wage discrimination is not possible for first 40 workers then this profit-maximizing firm hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average wage of the $700 per week per worker. (ii) Seventy workers and it pay net wages of $28,000 per week. (iii) Seventy workers at the average wage of $200 per week per worker. (iv) Forty workers and it pay net salaries of $16,000 per week. (e) Seventy workers and it pay net salaries of $17,000 per week.

What is the most precise answer?

   Related Questions in Microeconomics

  • Q : Prices and sales of normal goods The

    The growth of per capita national income would most likely rise the: (i) Prices of lard and employed tires. (ii) Federal budget deficit. (iii) Prices and sales of the luxury cars. (iv) Supply of untrained labor. Ca

  • Q : Why economic problems occur Why

    Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.

  • Q : Question on elasticity of demand Select

    Select the right ans wer of the question. The demand for agricultural products is: A) relatively elastic with respect to price. B) relatively inelastic with respect to price. C) relatively elastic with respect to income. D) downward sloping to the individual farmer, b

  • Q : Neoclassical and heterodox One of my

    One of my friends can't succeed to get the answer of this question. Provide answer of this question. Economists of neoclassical argue that goods contain just subjective (or personal) use-value dimension; heterodox economists argue that goods contain use-value and soci

  • Q : Total revenue for profit-maximizing

    TR (total revenue) for this profit-maximizing pure competitor equivalents area: (i) 0PeQ. (ii) bPec. (iii) aPed. (iv) 0bcQ. (v) 0Pec.

    Q : Setting a price in profit-maximizing

    This profit-maximizing firm as in demonstrated figure will set a price where: (1) P > MC = MR. (2) MR > MC = P. (3) MR = P > MC. (4) MR = P > MC. (5) P < MC < MR.

    Q : Competitive advertising as waste of

    Economists have conventionally concluded which, from the vantage point of society as an entire, competitive advertising in that case: (1) enables consumers to make more efficient economic choices. (2) is a waste of resources. (3) cons

  • Q : Question based on type of economy An

    An industry comprised of a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions is called: A) monopolistic competition.  B) oligopoly.  C) pure monopoly.  D) pure competition.

  • Q : Determine equilibrium at changing price

    Within this kinked demand curve model, when this firm operated at point a and increased its price from P2 to P3 but other firms did not increase their prices, in that cases equilibrium for this firm would move to be: (w) point b.

  • Q : Illustration of least price elastic in

    The least price elastic within supply of the given items would be: (w) Ferrari racing cars. (x) tool kits imported by China. (y) wheat. (z) original Picasso drawings. I need a good answer on the topic of Ec