--%>
Assignment Help - homework help

Automation and Wage Rates

When physical capital becomes cheaper, in that case: (w) some workers may be displaced but worker productivity usually rises. (x) automation will make jobs for more workers. (y) workers will supply more labor services. (z) labor supply curves will move in backward bending regions.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Problem on hyperinflation In the year

    In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility

    		•
  • Q : Labor Supply-Elasticity I have a

    I have a problem in economics on Labor Supply-Elasticity. Please help me in the following question. When we try to list the labor supplies from least elastic to the most elastic, then the most accurate ranking would most likely be: (i) Competitive fir

    		•
  • Q : Capital receipts Why borrowing is

    Why borrowing is treated as capital receipts? Answer: Because it rises the liability of government.

    		•
  • Q : Equilibrium price in the short run The

    The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4.

    Q : GDP In calculating the GDP national

    In calculating the GDP national income accountants

    		•
  • Q : Revenue receipts treated as legally

    Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also. Answer: Taxes imposed on th

    		•
  • Q : Technological advancement influencing

    Describe how technological advancement influence the supply of specific product.

    		•
  • Q : Marginal revenue-product of labor The

    The monopsonist will hire labor till labor's marginal resource cost equivalents the: (1) The value of average product of labor. (2) Price of labor. (3) Marginal revenue product of labor. (4) Marginal physical product. Choose the ri

    		•
  • Q : Shut down point of profit maximizing

    A profit maximizing competitive firm will shut down within the short run when: (w) prices do not cover average total costs. (x) this loses money on each unit of output. (y) price falls below the minimum of its AVC curve. (z) fixed costs exceed margina

    		•
  • Q : Short-run consequence of hurricanes

    A probable short-run consequence of a devastating sequence of hurricanes smashing by Florida would be: (w) reductions within the prices of building materials. (x) raises the price of tickets at Disney World. (y) declining demand for Florida oranges due to higher price

    		•