--%>
Assignment Help - homework help

Wage rate in equilibrium for monopsony

Marginal revenue product of the labor surpasses the: (i) Additional revenue generated by each extra unit of labor. (ii) Value of marginal product of labor merely for the competitive sellers of output. (iii) Average fixed cost for natural monopoly. (iv) The wage rate in equilibrium for monopsony hirer of the labor.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Scenario Analysis Based on the recent

    Based on the recent success of Ontario tennis star Milos Raonic, Nike Canada will make new state of the art tennis racket with a red maple leaf on the strings. Mike expects to sell 10,000 rackets yearly for the next 4 years. Each racket will retail at a manufacturer&r

    		•
  • Q : Minimum possible economic losses Hello

    Hello guys I want your advice. Please recommend some views for below illustrated figure of Economics problem that for this profit-maximizing pure competitor, area Pbgh signifies: (1) fixed cost (TFC). (2) average fixed cost (AFC). (3)

    		•
  • Q : Illustrate an example of relative price

    Joy waits into a long line at her local bookstore therefore she can be between the first to buy and read a newly-printed hardback copy of the newest Harry Potter adventure. And Lindsay waits till a lower priced paperback edition is printed just before buying any Potte

    		•
  • Q : Market price below equilibrium price

    When the market price is beneath the equilibrium price then: (i) The market will clear. (ii) An excess exists. (iii) Consumers will not invest. (iv) The shortage exists. (v) Each and every consumer will be satisfied. Find out the r

    		•
  • Q : Constant price in economic rent

    Economic rent is: (1) determined by the supply side. (2) independent of the strength of demand. (3) received whenever owners receive a constant price for a resource that supply curve is upward sloping. (4) included in society's opportunity costs of pr

    		•
  • Q : Problem on Labor History-Yellow Dog

    The yellow dog contracts are now proscribed, however in the early 20th century such agreements among employers: (i) Not to purchase intermediate goods made by unionized labor hindered labor market transformations. (ii) And workers stating that the workers would not jo

    		•
  • Q : Net revenue when price is given In the

    In the diagram shown below, net revenue is maximum for Pixie’s cheesy fried grits at a price of: (1) P1. (2) P2. (3) P3. (4) P4. 1466_8.jpg

    		•
  • Q : Diminishing in demand problem When the

    When the equilibrium in the figure shown below move from point a to point b, a reduction in demand is experienced merely in the market illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D.

    Q : Problem on Monopolistic Competition

    When fifty fast-food restaurants belonging to fourteen various chains are strung along an eight mile stretch of highway, it is an illustration of: (1) a primitive cartel. (2) pure competition. (3) monopolistic competition. (4) an oligopoly.

    Q : Bonding of Paying in Investment When

    When the price of a financial asset is $1,000 and the interest rate is 10 percent, in that case investment is not justified for: (1) a perpetuity paying $100 annually. (2) an income stream paying $500, $400, and $300, respectively, at the ends of all

    		•