--%>
Assignment Help - homework help

Demand for Labor-Monopsony Power

When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average salary of $700 per week per worker. (ii) Seventy workers and it pay net salaries of $28,000 per week (iii) Seventy workers at an average salary of $200 per week per worker. (iv) Forty workers and it pay net salaries of $16,000 per week. (v) Seventy workers and it pay net salaries of $17,000 per week.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Limited liability of the owners I have

    I have a problem in economics on Limited liability of the owners. Please help me in the following question. The limited liability of the owners is one of the main benefits of: (i) Partnerships. (ii) Corporations. (iii) Wandering confidence schemers. (iv) Sole propriet

    		•
  • Q : Price elasticity of demand coefficient

    A price elasticity of demand coefficient of infinity implies that: (w) the demand curve is horizontal. (x) each 1 percent price hike elicits a 1 percent increase in revenue. (y) total revenue increases proportionally as a firm increases its price. (z)

    		•
  • Q : Words of Joseph A. Schumpeter about

    Joseph A. Schumpeter popularized and refined the concept that profits: (i) ultimately derive primarily from innovation. (ii) are necessary compensation to entrepreneurs for bearing uncertainty. (iii) are reduced by bureaucratic inefficiencies in firms

    		•
  • Q : Practicing for predatory pricing A firm

    A firm which practices predatory pricing as: (w) tends to incur short-run losses greater than its rival. (x) lowers its price to drive out its rival and then keeps the price low to discourage extra entry. (y) will sell similar amount of output as when

    		•
  • Q : What is Interest Rate Price Risk

    Interest Rate Price Risk: The risk which occurs for bond owners from fluctuating interest rates is termed as interest rate risk. How much interest rate risk a bond has based on how sensitive its price is to interest rate modifications.

    		•
  • Q : Relative value of additional unit of a

    In equilibrium, the relative value of an additional unit of a good to a specified consumer is approximately proportional to the: (w) marginal revenue to the firm that sold the good. (x) marginal production cost of the good. (y) relative market price of the good. (z) a

    		•
  • Q : Monopolies in the short run Monopolies

    Monopolies tend to shut down in the short run when: (1) price is less than the minimum of average total costs [ATC]. (2) price cannot cover all overhead costs. (3) potential revenue cannot cover total variable costs. (4) total costs exceed total reven

    		•
  • Q : Exploitation of Labor-average revenue

    The Exploitation might not exist even when the wage a worker is paid is less than worker’s: (1) Average revenue product. (2) Marginal revenue product. (3) Marginal factor cost. (4) The value of marginal product. Can someone p

    		•
  • Q : What supply curve illustrates What

    What supply curve illustrates?

    		•
  • Q : Problem related to supply and demand

    Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute for bread, we would expect the price of wheat to: A) rise, the supply of bread to increase,

    		•