--%>
Assignment Help - homework help

Problem relating to Exploitation

I have a problem in economics on Problem concerning Exploitation. Please help me in the given question. Whenever resource suppliers are salaried less than the values of their marginal products [or VMPs], then they are stated to be: (p) Monopsonistic. (q) Monopolistic. (r) Exploited. (s) In equilibrium.

What is the most correct option?

   Related Questions in Microeconomics

  • Q : Decreases in market demand of

    Decreased market demand for generic bricks would result in a(n) ___________ in the price of bricks and a(n) ___________ in this brickyard’s profit-maximizing output. (w) increase; decrease. (x) increase; increase. (y) decrease;

    		•
  • Q : Price of Substitute goods What occurs

    What occurs to the demand for a good whenever the price of Substitute goods downs?Answer: Whenever the price of substitute good downs, then the demand for the specified good too downs.

    		•
  • Q : Determine wedges in demand and supply

    “Wedges” in between demand and supply curves are generated by: (1) arbitragers and speculators. (2) intermediaries and transaction costs. (3) development in the level of national income. (4) politicians who enact laissez f

    		•
  • Q : Law of supply regarding firms I have a

    I have a problem in economics on Law of supply regarding firms. Please help me in the following question. The law of supply signifies that: (i) Firms provide less for sale at lower prices. (ii) Purchases and prices differ inversely. (iii) Minimum inve

    		•
  • Q : Occurrence of the price discrimination

    Price discrimination occurs when a good is: (1) priced by a formula yielding monopoly profit. (2) denied to customers who refuse to pay the going price. (3) sold at different prices not reflecting differences in costs. (4) subject to government price

    		•
  • Q : Competitive firm shuts down in short run

    A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P. Hello guys I want your advice. Please recommend some views for above Econo

    		•
  • Q : Pretax -posttax and transfer

    Refer to the following diagram. If line b represents the pretax and transfer distribution of income in the United States, we would expect the post-tax and transfer distribution to be: A) line a. B) line b, because taxes and transfers have no effect on income distribut

    		•
  • Q : Gaining more Consumer Surplus I have a

    I have a problem in economics on gaining more Consumer Surplus. Please help me in the following question. Sushi lovers would be most probable to gain more consumer surplus as an outcome of rises in the: (i) Price of the steamed rice. (ii) Supply of sushi. (iii) Income

    		•
  • Q : Standard economic reasoning for price

    In the given figure as in below, demand curve D0D0: (w) has price elasticity of infinity. (x) is possibly for a luxury good. (y) is unitarily price elastic. (z) seems contrary to standard economic reasoning.

    Q : Equilibrium price in setting minimum

    Setting a minimum price floor above the equilibrium price will: (w) raise the equilibrium price. (x) create excess demand at the minimum price. (y) create excess supply at the minimum price. (z) clear the market at the minimum price.<

    		•