--%>
Assignment Help - homework help

Transfer payment by excesses income

A person’s wage income into excess of which that would be received by accepting the next best optional use of his or her talents is: (1) an economic rent. (2) a transfer payment. (3) an interest premium. (4) a salary bonus. (5) nominal wages.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Market hypotheses Efficient market

    Efficient market hypotheses:a) Weak-form efficient market hypothesis: It assumes that current stock prices reflect all security market information including the historical sequence of prices, rates of return, trad

    		•
  • Q : When market for a good is in equilibrium

    Whenever the market for the good is in equilibrium, this signifies that the: (i) Demand and supply are equivalent. (ii) Tax wedge is perfectly offset by the government advantages. (iii) Differences among demand prices and supply prices equivalent profit per unit. (iv)

    		•
  • 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 : Similarity between pure monopoly and

    The demand curve facing a pure monopoly is similar to the: (w) sum of demand curves which face pure competitors. (x) "kinked" demands at the going market price. (y) the market demand curve for its product. (z) the firm's marginal reve

    		•
  • Q : Average total cost curve in pure

    No firm can ever generate a pure economic profit unless this: (i) possesses some market power or monopoly power. (ii) can adjust both its level of output and the price of its products. (iii) faces a demand curve with a segment above its average total

    		•
  • Q : Illustrations of Micro economic

    Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings

    		•
  • Q : Problem on Right-to-Work Laws In states

    In states that encompass ‘Right to Work’ laws, then collective bargaining agreements: (i) Can’t need all employees to join a union in a specified period after being hired. (ii) Generally state the number of employees a firm

    		•
  • Q : Price elasticity for quantities and

    Suppose that all these curves are infinitely long straight lines. There supply curve which is relatively (although not perfectly) price elastic for all quantities and prices is: (1) supply curve S1. (2) supply curve S2. (3) suppl

    		•
  • Q : Concept of Production Possibilities

    The Production possibilities frontiers describe the concepts of: (1) A trade-off between inflation and unemployment. (2) Positive economics versus the normative economics. (3) Scarcity, opportunity costs, and reducing returns. (4) Absolute advantages

    		•
  • Q : Long-run competitive pressures in

    When economic losses are widespread within a purely competitive industry, in that case long-run competitive pressures tend to cause: (i) accelerating economic losses. (ii) prices to fall while firms leave the industry. (iii) productio

    		•