--%>
Assignment Help - homework help

Purely competition demand for labor

A purely competitive demand of industry for labor is: (1) less elastic than the horizontal summation of the individual firm’s demands. (2) perfectly elastic. (3) upward sloping because of diminishing marginal returns to labor. (4) equal to the horizontal summation of the individual firms’ demand curves. (5) not influenced by changes in demand for the product of the industry.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Price elasticity of demand when price

    When P = $10 for Tiny Tee-shirts, and Q = 20, but when P = $5, Q = 25. The price elasticity of demand for Tiny Tee-shirts of: (w) 3.0. (x) 1/3. (y) 1/2. (z) 21. Can anybody suggest me the proper explanation for giv

    		•
  • Q : Analytic Time-The Long Run Can someone

    Can someone please help me in finding out the accurate answer from the following question. Alfred Marshall classification of analytical time specified that in long run it is: (i) Not possible to differ technology and at least one resource is fixed and hence at least o

    		•
  • Q : Occurrence of nominal price lower then

    When the nominal price of apples at a remote orchard is fewer than at a local grocery store, in that case you are more probable to buy at the orchard when: (w) at all possible, because produce is invariably cheaper at the orchard. (x) you desire to bu

    		•
  • Q : Elasticity and profit maximization An

    An imperfectly competitive firm can maximize profit within the long run only at prices and also outputs where demand elasticity is: (w) greater than or equal to 1. (x) less than 1. (y) less than 0. (z) between 0 and 1.

    Q : Problem based on ATC-MR and MC If $4 is

    If $4 is Firm B's profit-maximizing price, its: A) ATC must be $4. B) MC must be $4. C) MR must be $4.  D) MC must be zero. Help me to get

    		•
  • Q : Short run expectations Can someone help

    Can someone help me in finding out the right answer from the given options. When Toyota expected the price at which it could sell its cars to increase in the near future, it’s very short-run response would possibly be to: (i) Raise its supply. (ii) Reduce its su

    		•
  • Q : Accepting prevailing market price by

    Unlike firms along with substantial market power, price takers: (w) control the prices of purchases or sales, but not their quality. (x) have no choice but to accept the prevailing market price. (y) adjust output and price to maximize profit. (z) are

    		•
  • Q : Typical purely competitive firm in

    The typical purely competitive firm: (w) is both a price maker and a quantity adjuster. (x) operates within the inelastic range of the demand curve. (y) should decide how much to produce at prices set through the market. (z) tries to maximize total sa

    		•
  • Q : Experience decreasing costs industry If

    If one industry’s development stimulates development in support and complementary industries, it permits firms within the industry to: (i) move up their rising long run average costs curves. (ii) sell their products for higher prices. (iii) focus old technologie

    		•
  • Q : Labor Contracts-Featherbedding problem

    Can someone please help me in finding out the accurate answer from the following question. The restrictive work rules which need firms to employ more workers than required are termed as: (1) Feather-bedding. (2) Seniority contracts. (3) Blacklisting regulations. (4) A

    		•