--%>
Assignment Help - homework help

Equilibrium in purely competitive economy market

As the labor market within a purely competitive economy is into equilibrium: (1) the marginal benefits by unemployment exceed unemployment compensation. (2) the marginal benefits and marginal costs from employment are equal. (3) economic growth is inhibited through excessive automation. (4) inefficiency in the allocation of resources prevails. (5) marginal physical product of labor equals the money wage rate.

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

   Related Questions in Managerial Economics

  • Q : Explain the meaning of Elasticity

    Explain the meaning of Elasticity?

    		•
  • Q : Use of Screening Device Screening

    Screening devices used while employers try to stop adverse selection through applicants for positions do not comprise: (1) reviewing résumés to identify applicants’ qualifications. (2) needing non-compete clauses which prevent new

    		•
  • Q : Which progress illustration was Pilgrims

    Agricultural productivity within Massachusetts Bay Colony increased while Native Americans showed Pilgrims how crops grow faster and better when rotten fish are dropped in along with newly-planted seeds. This new knowledge for the Pilgrims was an illustration of: (1)

    		•
  • Q : Relation between Average Revenue

    Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?

    		•
  • Q : What is social cost of production What

    What is social cost of production?

    		•
  • Q : HW Hello, Would you please find a small

    Hello, Would you please find a small case study in managerial economics. please I don't want the typical solution because the prof have it. thanks

    		•
  • Q : Screening and Credentialism Critics of

    Critics of “credentialism” believe which firms making employment decisions tend to rely much heavily on: (1) personal contacts. (2) past experience. (3) personality testing. (4) job interviews. (5) formal training and education.

  • Q : Charging similar price by pure

    When all firms in an industry charge similar price for their product, it: (w) proves the existence of a cartel. (x) proves the existence of price leadership. (y) indicates an oligopoly. (z) may be consistent along with either pure competition or oligo

    		•
  • Q : Internal factors in governing prices

    What are the internal factors in governing prices?

    		•
  • Q : What is Increasing Returns to scale

    What is Increasing Returns to scale?

    		•