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.

View Complete Question

Related Questions in Microeconomics

Q : Economic foundations of the single tax

The economic foundations of the single-tax progress were first presented through: (1) British Prime Minister Lloyd George. (2) John Stuart Mill. (3) Henry George. (4) David Ricardo. (5) George Stigler. How can I so

Q : Definition if pure monopsonist Can

Can someone please help me in finding out the accurate answer from the following question. The pure monopsonist: (1) Is the sole buyer of a specific good or resource in the given market. (2) Can adjust just quantity and therefore is a price-taker in input market. (3)

Q : Giving wholesale price per dozen by

When Rose Garden Wholesalers has a typical type cost structure of rose farms within this purely competitive industry, into the long run new competitors would most likely enter the market providing the wholesale price

Q : Price elasticity of supply computations

At a $2 price per can, there quantity of applesauce supplied per day is 1000 cases; and at $4, the quantity supplied is 3000 cases per day. Therefore price elasticity of supply is: (i) 2/3. (ii) 1/3.(iii) 3/2. (iv) 1/4.

Q : MOST Negative Liquidity An asset's

An asset's liquidity is, by description, MOST negatively associated to the: (1) asset's suitability as a commodity money. (2) transaction costs incurred in its purchase or sale. (3) speed with which that can be sold. (4) certainty about its market pri

Q : Monetary liability All currency issued

All currency issued by central bank is its monetary liability. Explain how? Answer: The Central Bank is grateful to back the currency with assets of equivalent valu

Q : Monopolistic Competition Monopolistic

Monopolistic Competition: Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the

Q : What will occur when government taxes a

When the government taxes a good, the price consumers currently face is most probably: (w) higher than before the tax. (x) below the price the seller receives. (y) less than average production cost. (z) justified through welfare payments to taxpayers.

Q : Operating the economy of production

I have a problem in economics on the topic of Production. Please help me in the following question. The economy operating on its production possibilities frontier is as: (1) At full employment. (2) Technologically proficient. (3) Maximizing the output

Q : Powerful firm confronted by powerful

The model which examines the limits to bargaining among a powerful firm confronted by the powerful union is: (1) Bilateral monopoly model. (2) Pure monopsony model. (3) Convergence model. (4) Featherbedding model. (5) Keynesian cross model.

Discover Q & A

Leading Solution Library

Avail More Than 1461041 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1940017
Asked

3,689

Active Tutors

1461041

Questions
Answered

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

Submit Assignment