--%>

Positive sloped labor supply curve

Can someone help me in finding out the right answer from the given options. The monopsonist in labor market faces a: (1) Totally elastic demand for labor. (2) Completely elastic supply of the labor. (3) Completely inelastic supply of the labor. (4) Positively sloped labor supply of curve.

   Related Questions in Microeconomics

  • Q : Supply of curve in the short run I have

    I have a problem in economics on Supply of curve in the short run. Please help me in the following question. The supply curve of milk would shift in the short-run in response to the modification in: (i) Price of the milk. (ii) Demand for the milk. (iii) Numbers and si

  • Q : Elasticity and Revenue At the point of

    At the point of unit elasticity beside the demand curve then a firm faces: (w) profits are always maximized. (x) total revenue is certainly at a maximum. (y) total costs are minimized. (z) All of the above. I need

  • Q : Price leadership models When all firms

    When all firms in an oligopolistic industry raise and lower prices together, in that case it is most consistent along with: (w) the kinked demand curve. (x) price leadership models. (y) the herd instincts of investors. (z) competitive theories of cart

  • Q : Market power and excess capacity A

    A monopolist which does not price discriminate cannot concurrently maximize profit and: (w) charge a price equal to marginal cost. (x) minimize average cost. (y) charge a price equal to minimum average cost. (z) produce only zero econ

  • Q : Profit-maximizing monopolists I have a

    I have a problem in economics on Profit-maximizing monopolists. Please help me in the following question. Profit-maximizing monopolists exploit the labor since: (i) Workers are paid very less than the value of their average physical products. (ii) The

  • 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 : Most efficient production technique of

    Refer to the given data give the answer of following question. In view of the indicated resource prices, the economically most efficient production technique(s) is (are) technique(s): A) #1. B) #2 and #4. C) #3. D) #1 and #3.

    Q : Resource market in equilibrium When the

    When the resource market demonstrated in this figure is into equilibrium: (1) owners of these resources currently receive no economic rents. (2) economic rent is specified from trapezoid Oade. (3) the rectangle Obde measures consumer surplus by the fi

  • Q : Determine prices for demand of buyers

    Buyers' demand prices would be ____ and sellers' supply prices would be ____ when the U.S. restricted car imports to Q1. (w) P2 and P1. (x) P0 and P2. (y) P0 and P

  • Q : Exploitation on resource suppliers Can

    Can someone help me in finding out the right answer from the given options. When resource suppliers are paid less than the values of their marginal products (or VMPs), they are stated to be: (i) Monopolistic. (ii) Exploited. (iii) Monopsonistic. (iv) In equilibrium.