--%>
Assignment Help - homework help

Competitive Market Supplies of Labor

The supply curve of labor which confronts a large but purely competitive industry is usually: (1) horizontal. (2) positively sloped. (3) backward bending. (4) vertical. (5) negatively sloped.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Managerial Economics

  • Q : Use of Screening and Credentialism

    Critics of the wide use of screening and signaling within hiring practices argue which: (w) formal training is never very important in preparing workers with necessary skills. (x) worker credentials tend to be negatively related to productivity. (y) l

    		•
  • Q : Cost concept of business operation and

    Categories the cost concept of business operation and decision making?

    		•
  • Q : Requirement of equal paying amounts A

    A requirement of equal pay for workers along with equal amounts of education, responsibility, and experience is termed as the doctrine of: (1) marginal productivity. (2) non-exploitation. (3) central wage planning. (4) comparable wort

    		•
  • Q : Objectives ans uses Help to achive the

    Help to achive the other objectives of the firm like industry leadership,expansion implementation of policies

    		•
  • Q : Operational or internal issues of

    What are the operational or internal issues of managerial economics?

    		•
  • Q : Marginal Revenue Product of Labor When

    When a firm hires 1 unit of additional labor that increases output through two units, and marginal revenue is $100, the marginal revenue product of labor is: (w) $100. (x) $50. (y) $150. (z) $200. How can I solve m

    		•
  • Q : Boom - Phases of business cycle Explain

    Explain about the term Boom in phases of business cycle.

    		•
  • Q : Explain the assumptions of Law

    Explain the assumptions of Law Diminishing Returns.

    		•
  • Q : Profit Maximization and the Demand for

    An increase within competitively-set wages tends to cause firms to adjust hence there are reductions into the: (1) amounts of labor most firms hire. (2) value of the marginal productivity of workers. (3) marginal profit from hiring labor. (4) technolo

    		•
  • Q : More Labor productivity American

    American workers tend to be more productive than counterparts of their in South America or Asia into part since they have: (1) superior natural genetic endowments. (2) access to better sports programming, that promotes teamwork. (3) more capital to work with, and supe

    		•