--%>

Monopsony Power-Demand for Labor

Can someone help me in finding out the right answer from the given options. After adjusting for the inflation, Alex Rodriquez’s salary with NY Yankees was very higher in 2006 than Henry Aaron's salary with Atlanta Braves in the year 1970s that implies that: (i) The 2006 Yankees were much generous than the 1970s Braves. (ii) Rodriquez was capable to exploit the Yankees much than the Aaron was capable to exploit the Braves. (iii) Henry Aaron suffered as of substantial racial discrimination. (iv) The 1970s Braves had considerably less monopsony power than Yankees had in 2006. (v) None of above.

   Related Questions in Microeconomics

  • Q : Responsiveness of relative prices of

    Price cross elasticity of demand measures the responsiveness of: (1) quantity of a good sold to changes within its price. (2) quantity sold to changes within income. (3) price of one good to changes within the sales of other. (4) amount demanded of on

  • Q : Trade Restrictions of import and export

    Quotas that restricted U.S. imports of foreign steel between 2001 and 2004 because of the: (w) prices paid by U.S. car buyers to rise. (x) price of gasoline to rise sharply. (y) profits of U.S. steelmakers to drop. (z) quantities of European imports t

  • Q : Define Capital expenditure Capital

    Capital expenditure: Any expenditure which will lead to formation of an asset or reduction in liability. This is financed out of capital receipts of government. Illustrations: Expenses on construction of roads, canals, bridges, grant of loans by the c

  • Q : Labor Force Participation Rates The

    The percentage of a specified population who are either unemployed or employed is termed as the: (1) labor force participation rate. (2) work-force proportion. (3) labor supply. (4) substitution effect dominance rate. (5) income-leisure loss curve.

    Q : Common type of firm among in monopolist

    The most common kind of competition in between firms within monopolistic competition is: (i) price competition. (ii) product differentiation. (iii) collusion. (iv) predatory pricing. (v) cutthroat competition. Hell

  • Q : Minimize losses at wholesale price in

    The wholesale price per bushel of peaches below that it purely competitive peach orchard would minimize losses via shutting down its operations is: (1) $4.00 per bushel of peaches. (2) $7.67 per bushel of peaches. (3) $8.00 per bushel

  • Q : Lorenz curve as graphical device A

    A Lorenz curve is graphical device which can be utilized to portray the: (w) number of people below the poverty level. (x) conflict between high tax rates and high tax revenues. (y) relative inequalities in the distribution of a variable across a popu

  • Q : Slope of indifference Curve State the

    State the slope of indifference Curve? Answer: Slope of indifference curve is equivalent to MRS, that is, Marginal Rate of Substitution.

  • Q : Law of Demand in respect to relative

    I have a problem in economics on Law of Demand in respect to relative price. Please help me in the following question. The law of demand defines that as: (1) Absolute prices rise, quantity demanded raises. (2) Relative prices raise, quantity demanded

  • Q : Help For a monopsonist in the labor

    For a monopsonist in the labor market, the marginal resource cost of labor is: