--%>
Assignment Help - homework help

Market power at output market

The profit-maximizing firm which is perfectly competitive in the resource market however which consists of market power in the output market will hire the labor at a point where: (p) VMP = MRP = MFC = w. (q) VMP > MRP = MFC = w. (r) VMP = MRP = MFC > w. (s) VMP > MRP = MFC > w.

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

   Related Questions in Microeconomics

  • Q : Problem-market supply of labor Can

    Can someone please help me in finding out the accurate answer from the following question? The marginal resource cost for monopsonist in the labor market which can’t wage discriminate: (p) Is perfectly elastic. (q) Is perfectly inelastic. (r) Lies above the mark

    		•
  • Q : Market interest rate at break-even

    When land that rents for $100,000 yearly can be bought for $800,000 now, it will be a break-even investment when the market interest rate is: (i) 6%. (ii) 10%. (iii) 12.5%. (iv) 15%. (v) 8%. Can anybody suggest me the proper explan

    		•
  • Q : Problem on Substitution effect for good

    One of my friend has a problem on substitution effect. The original equilibrium point (that is utility-maximizing bundle) in the graph shown below is at point A. The price of good Y is increased, pivoting the budget constraint down to its latest level.a. F

    		•
  • 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 Asymmetric Information I

    I have a problem in economics on Problem on Asymmetric Information. Please help me in the following question. Moral hazard and adverse selection are most important in: (1) The United States. (2) Perfectly competitive markets. (3) Internet markets. (4) Markets dominate

    		•
  • Q : Freedom of entry and exit Typical firms

    Typical firms in an industry can’t expect to produce economic profit in the long run when the industry has: (1) decreasing costs of production as the number of firms in the industry changes. (2) market demand exceeding the minimum average variab

    		•
  • Q : Problem on blue collar workers I have a

    I have a problem in economics on Problem on blue collar workers. Please help me in the following question. The labor unions have tended to be very successful in organizing: (i) White collar workers. (ii) Blue collar workers. (iii) Professionals. (iv) Clerical workers.

    		•
  • Q : Tacit collusion by oligopolists Tacit

    Tacit collusion through oligopolists is possible when: (w) agreed to by the government. (x) a price leader is visible. (y) the oligopolists succeed in forming a cartel. (z) very few firms control the market. How ca

    		•
  • Q : Help For a monopsonist in the labor

    For a monopsonist in the labor market, the marginal resource cost of labor is:

    		•
  • Q : Economically non–viable industry What

    What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.

    		•