Most wage elastic at prevailing wages

Demand is probable to be most wage elastic at prevailing wages for: (1) carpenters. (2) neurosurgeons. (3) computer programmers. (4) teenage employees of fast food restaurants. (5) economists.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Managerial Economics

Q : Marginal resource cost of labor By

By lying off three workers, total costs of a firm fall by $210 per day, indicating that the marginal: (w) revenue product of labor is $210. (x) revenue product of labor is $70. (y) resource cost of labor is $210. (z) resource cost of labor is $70.

Q : What are the reasons for adopting

What are the reasons for adopting penetration price strategy?

Q : Attain new equilibrium in purely

When this purely competitive labor market is primarily in equilibrium at D0L, S0L and after that excessive job safety standards are imposed through law, a new equilibrium will be attained at: (1) D0L, S0L. (

Q : Explain the pricing under price

Explain the pricing under price leadership.

Q : Want exact answer answer written below

answer written below is correct for the question detail exception of demand curve ?

Q : Explain the role of demand factor in

Explain the role of demand factor in pricing briefly.

Q : Gains from Exchange Can someone help me

Can someone help me in finding out the right answer from the given options. Persons or nations that can outperform their competitors in all tasks enjoy: (1) Absolute benefits in all outputs. (2) Relative benefits in all outputs. (3) Comparative benefits in all outputs

Q : Substantial general training to certain

When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most pr

Q : Competitive demand of employer A

A competitive demand of employer for labor is: (1) derived from the demand that exists for the firm’s output. (2) inverted compared to regular demands. (3) shifted rightward by hikes in real wage rates. (4) positively sloped. (4) determined thro

Q : Occupational Crowding in Wage

Disadvantaged groups have historically been pressured toward low wage jobs in a procedure termed as: (1) occupational crowding. (2) labor staggering. (3) systemic discrimination. (4) reverse favoritism. (5) nepotism.

Discover Q & A

Leading Solution Library

Avail More Than 1437106 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1924234
Asked

3,689

Active Tutors

1437106

Questions
Answered

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

Submit Assignment