--%>
Assignment Help - homework help

Wages-Portion of costs

Assume that a firm with market power in output market wishes to grow up and that hiring more workers needs it to increase wages 8% for all the workers. Output prices will most likely: (1) Increase 8% to cover the wage raise. (2) Increase less than 8% as wages are only a part of the costs. (3) Increase more than 8% as each employee works with very less capital. (4) Drop 8% as of the technological advances.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Diminishing Marginal utility principle

    Can someone help me in finding out the right answer from the given options. The experience that your very first kiss with a latest crush was more thrilling and satisfying than your 10th kiss 35 minutes later is an illustration of the: (i) Familiarity principle. (ii) N

    		•
  • Q : Prevent operating in long run by

    A monopolist will prevent operating within the long run unless its economic profit is: (i) zero. (ii) positive. (iii) greater than accounting profit. (iv) zero or greater. (v) zero or less. I need a good answer on

    		•
  • Q : Outsourcing affect the economy Explain

    Explain how does outsourcing affect the economy?

    		•
  • Q : Instance of Implicit Costs Can someone

    Can someone help me in finding out the most right answer from the given options. The instance of an implicit cost would be: (i) Salaries paid to the employees. (ii) Payments for repairs on the company-owned machine. (iii) Rent paid on building company utilizations. (i

    		•
  • Q : Income distribution after taxes and

    When line 0C0' shows income distribution before taxes and transfers, in that case the line that shows income distribution after taxes and transfers would be: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

    Q : Problem on equilibrium price Refer to

    Refer to the following data. Equilibrium price will be:  A) $4. B) $3. C) $2. D) $1. Give the answer of above questaion

    		•
  • Q : Psychological Pricing Define the term

    Define the term Psychological Pricing and what are their aspects?

    		•
  • Q : Causes of Increase in demand Describe

    Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3)

    		•
  • Q : Reduce total revenue when demand is

    Boosting the price for Pixie’s cheesy fried grits by P2 to P3 will: (w) increases total revenue since demand within inelastic. (x) increase total revenue since demand is elastic. (y) reduce total revenue since demand is inelastic. (z) reduce total revenue since demand

    		•
  • Q : Responding higher prices for heating

    Can someone help me in finding out the right answer from the given options. Canadians would ultimately be likely to respond to higher prices for heating oil and natural gas through (i) Turning up their electric blankets and insulating their houses more carefully. (ii)

    		•