Supply of labor curve problem

Can someone please help me in finding out the accurate answer from the following question.

Employer with the monopsony power which as well had the ability to wage discriminate perfectly would tackle a marginal factor cost of labor curve: (i) Similar to the supply of labor curve it faces. (ii) Lower than supply of labor curve it faces. (iii) Higher than its marginal revenue product curve at equilibrium level of the employment. (iv) Equivalent to wage rate which would exist in the competitive labor market. (v) Higher than supply of labor curve it faces.

View Complete Question

Related Questions in Microeconomics

Q : Profit-maximizing pure competitor in

For a profit-maximizing pure competitor in the short-run equilibrium: (w) P = MC = MR. (x) MC = minimum AC. (y) MR > P. (z) only normal profits will be earned. Hey friends please give your opini

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 : Problem on Agency Shop I have a problem

I have a problem in economics on Problem on Agency Shop. Please help me in the following question. The Nonunion members can’t ‘free-ride’ in the states with Right-to-Work laws when a company agrees to operate a or an: (i) Closed shop

Q : Question based on GDP In calculating

In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories.

Q : Marginal social benefit and costs under

Under pure competition, there is marginal social benefit will equivalent marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits are zero. (y) there are externalities. (z) entrepreneurs a

Q : Transformation of Predictable Income

The transformation of predictable income streams within wealth is: (1) asset liquidation. (2) financial optimization. (3) rent-seeking. (4) monopolization. (5) capitalization. I need a good answer on the topic of <

Q : Differentiate Income and Wealth One

One main difference between income and wealth is which: (w) wealth is inherited, income is earned. (x) income generates wealth, wealth cannot generate income. (y) all income is subject to taxation, most wealth is not. (z) wealth is a stock variable, i

Q : Problem on Yellow Dog Contracts Now the

Now the illegal labor market practice of signing the yellow dog contracts includes requiring: (1) Nonunion workers to pay the union dues as the condition of employment. (2) Job applicants to sign the agreements not to join unions previous to hiring them. (3) Unions to

Q : Social opportunity cost of resource

Economic rent is: (w) income received by a factor owner in excess of the social opportunity cost of supplying the resource. (x) the difference between a firm’s revenues and the sum of the fixed and variable costs of production. (y) a form of eco

Q : Problem on organizing the business The

The individual who wants to begin up a business, however who not want to risk in losing personal property if the business fails, must organizes the business as: (1) Sole proprietorship. (2) Partnership. (3) Corporation. (4) Unlimited partnership.

Discover Q & A

Leading Solution Library

Avail More Than 1451052 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952555
Asked

3,689

Active Tutors

1451052

Questions
Answered

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

Submit Assignment