Relative magnitudes of income effects

The firm’s wage elasticity of demand for the labor is least influenced by: (1) How much time the firm have to adjust to modifying wages. (2) The proportion of labor’s share of net costs. (3) The ease of replacement between labor and capital. (4) The relative magnitudes of income consequences and substitution effects in worker’s labor supply decisions. (5) The market power firm can exercise in labor market or as the seller of output.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Determining national income Suppose an

Suppose an economy is in equilibrium condition. Its consumption function is C = 300 +0.8Y and investment is 700 find out its national income.

Q : Least consistency for law of demand The

The demand curve for socket sets from the list below which is least consistent along with the law of demand is: (w) demand curve D1D1. (x) demand curve D2D2. (y) demand curve D3D3

Q : Horizontal summation of individual

The purely competitive industry’s demand for the labor is: (i) Less elastic than the horizontal summation of individual firm’s demands. (ii) Perfectly elastic. (iii) Upward sloping as of the diminishing marginal returns to labor. (iv) Equi

Q : Price elasticity of demand at high and

Moving by left to right along demand curve D, then price elasticity of demand for cheesy fried grits of Pixie is mostly: (w) positive, then unitary, then negative. (x) constant and equivalent to one. (y) greater at high prices than at low prices. (z)

Q : Illustration of Economic Capital An

An illustration of economic capital would be: (1) loanable funds in banks. (2) factory buildings. (3) gold held through price speculators. (4) labor’s productive skills. (5) corporate stocks. How can I solve

Q : Market demand of purely competitive

How purely competitive industries respond to raises in market demand depends upon: (w) the time period considered. (x) immediate quantity adjustments and longer run price adjustments. (y) each firm’s average total costs. (z) the slope of the mar

Q : Question on Federal Reserve Choose the

Choose the right answer from following. How many members the Board of Governors of the Federal Reserve has ? A) 5 B) 7 C) 9 D) 14

Q : Freedom of entry in monopolistically

Along with freedom of entry in a monopolistically competitive market, in long run equilibrium is reached along with firms: (w) earning zero economic profit. (x) producing where price equals marginal cost. (y) producing their most efficient output. (z)

Q : Area of Loren Curve This function as in

This function as in illustrated figure area between A and B is termed as a/an: (1) index of inequality. (2) Lorenz curve. (3) Pareto indicator. (4) Gini coefficient. (5) Marx-Engels curve.

Q : Market period disequilibrium At the

At the price P1, this purely competitive Christmas tree industry is within: (w) long-run equilibrium. (x) short-run equilibrium. (y) market period disequilibrium. (z) short-run disequilibrium.

Discover Q & A

Leading Solution Library

Avail More Than 1425592 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1937547
Asked

3,689

Active Tutors

1425592

Questions
Answered

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

Submit Assignment