--%>

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 : Arbitrager-individual or organization

    The arbitrager is an organization or individual that will: (1) Simultaneously purchase low and sell high in various markets. (2) Create disparities among prices in various markets. (3) Resolve disputes among sellers and consumers. (4) Purchase low and

  • Q : Demand when oligopolistic firm

    When an oligopolistic firm increases its price, in that case the demand this faces will be: (1) more elastic if the other firms in the industry raise their prices. (2) less elastic when no other firms in the industry raise their prices. (3) more elast

  • Q : Average Variable Cost-Average Total

    Describe the relationship among Average Variable Cost (AVC) Average, Total Cost (ATC) and marginal Cost (MC)? Answer: A) If MC

  • Q : Can GDP be more than GNP Can GDP be

    Can GDP be more than GNP? Answer: Yes, GDP can be greater or more than GNP if NFIA is negative.

  • Q : Structure conduct performance paradigm

    From about 1890 till 1970, the “structure-conduct-performance paradigm” dominated theories concerning how firms behave in various kinds of markets. The word “conduct” in this context refers to these things as: (i) decisions by

  • Q : Price elasticity coefficient at

    Every point beside a vertical demand curve (when there was such a thing) would include a price elasticity coefficient equivalent to: (1) 1. (2)  1. (3) zero. (4) infinity. (5)  1/2. Hey friends please giv

  • Q : Rising the level of utility Kelly

    Kelly spends his whole food budget on steak and doughnuts, and could trade 2 pounds of steak for 4 doughnuts devoid of changing his level of satisfaction. When the price of doughnuts is 50 cents and steak is $2.00 per pound, Kelly will most likely adjust by: (i) Incre

  • Q : Economic concept of total costs I have

    I have a problem in economics on Economic concept of total costs. Please help me in the following question. The economic concept of total costs and the bookkeeper’s concept of net costs differ as economists: (1) Place a lower value on the psychi

  • Q : Profit maximization-output level in

    Profit maximization needs a purely competitive firm to manufacture at an output level where: (i) marginal revenue > marginal cost. (ii) marginal cost equals the competitive price. (iii) marginal cost is falling. (iv) marginal reven

  • Q : Contrast of the law of reducing

    Which of the given seems a contrast of the law of reducing marginal utility? (i) Howard quit utilizing grocery coupons if he won the lottery. (ii) Joan finds that her try in preparing for a date surpasses the enjoyment gained. (iii) Ken enjoys his thi