--%>
Assignment Help - homework help

Price takers in product market

I have a problem in economics on Price takers in product market. Please help me in the following question. Relative to firms which are price takers in product market, and then firms with market power tend to. (1) Hire some workers (2) Pay a lower wage (3) Pay a higher wage. (4) Hire more workers.

What is the correct option.

   Related Questions in Microeconomics

  • Q : Problem on Blacklisting The

    The Blacklisting was once common however now illegal in the labor market practice of: (i) Boycotting the products of firms whose workers are on strike. (ii) Forcing the workers to sign agreements not to join the unions. (iii) Paying the union officers to systematize u

    		•
  • Q : Collective Bargaining and Monopsonistic

    Can someone help me in finding out the right answer from the given options. Assume that sales of generic beds are highly competitive and Deluxe Beds is just significant employer in Nowhere, Nevada. When deluxe workers unionize and

    		•
  • Q : Demand for product when its sales fall

    When a 10% hike in the price of paisley socks causes sales to fall with 20%, the demand for such socks is: (1) perfectly inelastic. (2) relatively inelastic. (3) unitarily elastic. (4) relatively elastic. (5) perfectly elastic. <

    		•
  • Q : Is binge drinking an economic trouble

    This binge drinking exercise observes why excessive drinking might be an economic trouble and the possible influences of government policy.

    		•
  • Q : Standard of Income Distribution

    According to the requirements standard of income distribution: (w) marginal productivity is easily measured. (x) people’s needs are proportional to their marginal products. (y) income must be distributed in proportion to people’s needs. (z

    		•
  • Q : State marginal propensity to consume

    Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y

    		•
  • Q : Changing in marginal cost without price

    When this firm's marginal cost curve moved upward from MC2 to MC3, the firm would: (w) reduce output from Q3 to Q2 and increase price from P3 to P4. (x) reduce output by Q2 t

    		•
  • Q : Components of capital account Elucidate

    Elucidate the components of capital account? Answer: It records are international transactions which occupy a resident of the domestic country changing his assets wi

    		•
  • Q : Market adjustment for new equilibrium

    This market for peanuts will adjust to a new equilibrium at price: (1) P0 and quantity Q0. (2) P1 and quantity Q0. (3) P2 and quantity Q2. (4) P3 and quantity Q1.

    		•
  • Q : What is fiscal deficit Fiscal deficit :

    Fiscal deficit: When the total government expenses are more than total government receipts exclusive of borrowing it is termed as fiscal deficit. Fiscal deficit = Total Government Expenditure – Tot

    		•