--%>
Assignment Help - homework help

Value of the marginal product of labor

The Profit-maximizing firms which operate in the competitive resource and output markets adjust the labor inputs till the wage rate equivalents the: (i) Average revenue from the output. (ii) Output price equivalents the average variable cost. (iii) Marginal utility of good generated. (iv) The value of marginal product of labor. (v) Marginal resource cost of the capital.

What is the right answer?

   Related Questions in Microeconomics

  • Q : Abandonment of perfect competition This

    This needs to be identified that general abandonment of supposition of perfect competition, universal adoption of supposition of monopoly, need to have extremely destructive consequences for economic theory.” 

    		•
  • Q : Examples of Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Illustrations of complementary goods would not comprise: (1) Football tickets and rugby tickets. (2) Golf clubs and golf balls. (3) Laundry detergent and washing machines. (4)

    		•
  • Q : Monopsonistic Exploitation-Wage

    Whenever a firm's wage structure imitates the keenness of individual employees to work, terms which are most applicable comprise: (1) Monopsonistic exploitation and the wage discrimination. (2) Monopolistic exploitation and the separation of control and ownership. (3)

    		•
  • Q : Lowering price of units selling A

    A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of

    		•
  • Q : Psychic Income problem Assume that a

    Assume that a few years after graduating, life as an investment banker became very frustrating that you switched careers to work as the professional cat walker, and were happier even although your annual income fell much than 80 percent. Your decreased money income is

    		•
  • Q : Asymmetric information Provide the

    Provide the solution of this question. The problem of asymmetric information is that: A) neither health care buyers nor providers are well-informed. B) health care providers are well-informed, but buyers are not. C) the outcomes of many complex medical procedures cannot be predicted. D) insurance co

    		•
  • 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 : Featherbedding-Labor Contracts The

    The clauses in labor contracts that need continued employment of the workers whose jobs are technologically outdated are termed as: (1) Moth-balling. (2) Yellow dog contracts. (3) Featherbedding. (4) Goldbricking. (5) Shirking clauses.

    Q : Define forward shifting of tax burden

    The greater the price elasticity of demand associate to the price elasticity of supply, then the: (i) greater the legal incidence of any tax burden. (ii) smaller the forward shifting of any tax burden. (iii) smaller the backward shift

    		•
  • Q : Problem regarding labor monopsonist The

    The labor monopsonist will hire labor up to the point where the marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the salary. (3) Revenue product of labor equivalents its marginal resource cost. (4) Resource cost o

    		•