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?

View Complete Question

Related Questions in Microeconomics

Q : Define forward shifting of tax burden

The greater the price elasticity of demand associate to the price elasticity of supply, then the: (i) greater the legal incidence of any tax burden. (ii) smaller the forward shifting of any tax burden. (iii) smaller the backward shift

Q : Divide future income by one plus

To discount income which will be received in one year from the interest rate, we: (w) multiply the future income by the interest rate. (x) divide the future income by the interest rate. (y) divide the future income by (1 + the interes

Q : When is Price Ceiling not create

Price ceilings do NOT create pressures for: (w) shortages of price controlled goods. (x) black markets, queuing, or sales by favoritism. (y) opportunity costs to be lower than or else. (z) transactions at monetary prices below the equilibrium price.

Q : Resource market in equilibrium demand

When the resource market shown in this illustrated figure is initially within equilibrium along with demand curve D0: (w) owners of these resources currently receive no economic rents. (x) economic rent is specified by area

Q : Short-run supply curve of the firm For

For a competitive firm the short-run supply curve is the: (w) marginal cost curve which is above the average total cost curve. (x) marginal cost curve which is above the average variable cost curve. (y) upward sloping part of the marginal cost curve.

Q : Central bank as lender of last resort

The central bank performs as lender of last resort. Explain how? Answer: The central bank too acts as lender of last resort for other banks of the country. This mea

Q : Total variable costs of

This profit-maximizing competitive firm’s total variable costs or TVC as in illustrated figure can be computed area as: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P2eq4. (v) aced.

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 : About greatest economy Does Europe and-

Does Europe and- USA or China have the greatest economy?

Q : Demand for a good at price elasticity

The curve which could demonstrate the demand for a good which has price elasticity equal to one is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1430092 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926045
Asked

3,689

Active Tutors

1430092

Questions
Answered

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

Submit Assignment