--%>

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 : Technological advances in starting of

    Technological advances because the starting of the twentieth century has: (w) removed the limits on our ability to produce. (x) removed the problem of scarcity. (y) expanded our capability to produce. (z) raised the use of resources for production.

    Q : Depression - Phases of business cycle

    Illustrates the term dispersion of phrases of business cycle?

  • Q : Wage rate and price of leisure

    Increases within the wage rate all the time: (w) lack impact on the relative price of leisure. (x) increase the relative price of leisure. (y) decrease the relative price of leisure. (z) increase the quantity of individual labor supplies.

  • Q : How many types are of price elasticity

    How many types are of price elasticity of demand?

  • Q : What is Demand Forecasting What is

    What is Demand Forecasting?

  • Q : Most valuable human capital The most

    The most valuable human capital onto the given list would be possessed through a person who: (w) inherited a great deal of money. (x) invested large sums on the stock market. (y) had an advanced degree in music education. (z) specialized like a medica

  • Q : Market supply of specialized labor A

    A supply of specialized labor tends to shrink while: (1) the social status of that field rises. (2) an increase in income expectations happens. (3) employment stability increases and training costs decrease. (4) wages rise into a field using similar s

  • Q : Saving of production costs attributable

    The rental value of a high quality piece of agricultural land timely era is: (w) negatively associated to the price of agricultural output this could produce. (x) unrelated to the costs of its cultivation. (y) equal to the saving of production costs a

  • Q : Illustrates the relatively elastic

    Illustrates the relatively elastic demand?

  • Q : Phases of business cycle explain the

    explain the different phases of business cycle