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?

View Complete Question

Related Questions in Microeconomics

Q : Example of price elasticity of demand

At P = $100, there 50 tons of Garden-Rich fertilizer are demanded within Patagonia; at P = $80, there quantity demanded is 70 tons. Therefore price elasticity of demand for fertilizer: (w) 5/8. (x) 3/2. (y) 4/5. (z) 2/3.

Q : Characteristic of pure competition A

A purely competitive firm: (w) is a price taker. (x) is a price maker. (y) is a large part of the industry. (z) sells a differentiated product. Hello guys I want your advice. Please recommend some views for above <

Q : Surety of good market information for

The assumption about buyers and sellers has good market information makes sure that they: (w) know everything. (x) never make errors. (y) can foretell the future. (z) won’t pay more than they have to, or sell for less than the market price.

Q : Help The problem of asymmetric

The problem of asymmetric information is that

Q : Law of Supply Law of Supply : Supply

Law of Supply: Supply means the goods provided for sale at a price throughout a particular period of time. This is the capacity and intention of the producers to gen

Q : Characteristics of Labor-Leisure

Can someone help me in finding out the right answer from the given options. When the wage rate paid for the labor rises, then: (i) Supply of labor raises (ii) Opportunity cost of the leisure increases. (iii) Workers always supply additional labor. (iv) Level of the na

Q : Expectations of short run effect Most

Most of the consumers and investors have learned via experience that ‘new’ high-tech equipment becomes outdated quickly, and that prices drop by roughly half annually. They adjust by delaying purchases, waiting for estimated higher quality and lower prices

Q : Define price ceiling Price ceiling :

Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the common people at a reasonable price. In India the go

Q : Requirement of production costs

Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope. Find out the right answer from the above o

Q : Problem on long run competitive

The technology is such that LAC is minimized at firm’s output equivalent to 10 and minimum LAC is Rs. 15. Assume that the demand schedule for the product is given as shown:

Discover Q & A

Leading Solution Library

Avail More Than 1419847 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1932088
Asked

3,689

Active Tutors

1419847

Questions
Answered

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

Submit Assignment