--%>
Assignment Help - homework help

Needs of Wage Discrimination

Can someone please help me in finding out the accurate answer from the following question.

The Wage discrimination needs a firm to possess: (1) Monopsony power. (2) Monopoly power. (3) Oligopoly power. (4) None of these—no power is essential as any firm can practice the wage discrimination.

   Related Questions in Microeconomics

  • Q : Measurement of income elasticity of

    The income elasticity of demand is a measure of the receptiveness of: (w) demand to changes in income. (x) extra national income as Aggregate Demand grows. (y) supply curves to changes in demand. (z) price to changes in income.

    Q : When price of a good or resource drops

    When the price of a good or resource drops/falls, the demands for: (i) that good or resource rise. (ii) Complementary goods or resources reduce. (iii) Replacement of goods or resources reduces. (iv) Luxury goods and inferior resources drop/fall.

    		•
  • Q : Total revenue in profit-maximizing

    Total revenue (i.e., TR=PQ) for such profit-maximizing competitive firm equals area as: (a) 0P1gq5. (b) 0P1dq4. (c) 0P2cq3. (d) P2

    		•
  • Q : Problem on buying a used car You desire

    You desire to purchase a used car. The dealer knows accurately how well the car works and how much it must cost, although you are not sure of its value. This is an illustration of: (i) Asymmetric information. (ii) Dealer rights. (iii) Predatory pricing. (iv) First mov

    		•
  • Q : Profit Maximization-total revenue and

    All profit-maximizing firms will hire much labor up to the point where: (i) Average physical product of the labor equals nominal wage. (ii) Last unit of the labor adds equally to net revenue and net cost. (iii) Marginal product of the labor is at its maximum value. (i

    		•
  • Q : Price ceiling If the government puts a

    If the government puts a rent ceiling of $650 a month, what is the rent paid and how many rooms are rented? Explain why?

    		•
  • Q : Examples of Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Illustrations of complementary goods would not comprise: (1) Football tickets and rugby tickets. (2) Golf clubs and golf balls. (3) Laundry detergent and washing machines. (4)

    		•
  • Q : Define average cost Average cost : It

    Average cost: It is the cost per unit of output.

    		•
  • Q : Capital or current account Is import of

    Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.

    		•
  • Q : Problem on Boycotts People who reject

    People who reject to purchase the products of a firm whose actions they condemn, especially when such rejection is intended to support the employees who are on strike, and who urge others to not purchase such products, or to not deal with these firms, are engaged in a

    		•