Decrease the number of substitutes for some types of labor

Assignment Help Business Economics
Reference no: EM13974873

We’ve seen that monopolistically competitive firms will try to differentiate their products in order to eliminate substitutes. Are there comparable measures that can be taken in labor markets to decrease the number of “substitutes” for some types of labor? If so, what are the measures? Can you provide an example?

Reference no: EM13974873

Questions Cloud

Represents a mandatory government outlay : Which of the following represents a mandatory government outlay?
Statements about medicare and social security : Which of the following statements about Medicare and Social Security are false?
Statements are true about deficits versus debt : Which of the following statements are true about deficits versus debt?
The nominal and real deficit of a country grew : Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate pictur..
Decrease the number of substitutes for some types of labor : We’ve seen that monopolistically competitive firms will try to differentiate their products in order to eliminate substitutes. Are there comparable measures that can be taken in labor markets to decrease the number of “substitutes” for some types of ..
Is it substitution effect or income effect : Is cigarette smoking a normal good or inferior good and why? Is it substitution effect or income effect? Is cigarette smoking any diminishing margin rate?
Calculate the average tax rate on an income : Use the marginal income tax rates shown here to calculate the average tax rate on an income of $100,000. Taxable Income Tax rate $0–$8,700 10% $8,700–$35,350 15% $35,350–$85,650 25% $85,650–$178,650 28% $178,650–$388,350 33% Over $388,350 35% Average..
Assignment on tesla motors inc : I need help with my final project work. I attached its instructions and rubric details here. For this assignment, I selected Tesla Motors inc. Your answer must be 6-8 pages long. Must include headings before starting each new section. All work mu..
Derive the competitive equilibrium for the market : The widget market is competitive. The market demand is P= 30-0.05Q, while the market for supply is Q= -100+20P. The firms are identical, and a typical firm is known to have an AVCi = 5+0.5Qi with an overhead of 200. Derive the competitive equilibrium..

Reviews

Write a Review

Business Economics Questions & Answers

  Relationship between age and job performance

organisational behaviour. Why is the relationship between age and job performance likely to be in issue of increasing importance during the next decade?

  Given the tc300004q 00004q2 with a constant whole price

given the tc300004q 0.0004q2 with a constant whole price 20clock. what is the breakeven quantity the profit maximizing

  Quantity that maximizes the profit of the monopolis

Find the quantity that maximizes the profit of the monopolist, the profit of the monopolist and the corresponding domestic and international price.

  Qmarys fence post factory faces a perfectly elastic demand

q.marys fence post factory faces a perfectly elastic demand curve for fence posts at a price of 39 per post. let q

  Two alternative activities to help relieve her backache

Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour.  ..

  Consider annual interest rates

A college student has been looking for tires and has found the following: Tire Warranty for Tire A is 6 months at a price per tire of $31.59. What is MONTHLY worth/cost of Tire A if we consider annual interest rates are at 10%?

  Refers to additional revenue gained from selling one unit

________ refers to the additional revenue gained from selling one more unit.

  Calculate change in both consumer and producers surplus

Weekly inverse demand function is P=296-7Q, weekly inverse supply function is P=17+2Q. Find equilibrium price & quantity & solve for consumer & producers surplus. Then tax of $27 per equanimity is collected by supplier, solve for new consumer and sup..

  What will be the economic order quantity

If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?

  Illustrate what is the money multiplier

Illustrate what is the money multiplier. Illustrate what is the available lending capacity.

  How much will annual percentage decline

If the mortgage interest rate is 7 percent, approximately how much are home owners paying in annual mortgage interest? b. If the interest rate drops to 6 percent, by how much will annual percentage decline?

  Plan makes collusion between ge and westinghouse easier

In its rivalry with Westinghouse, General Electric instituted a "price protection" plan. This plan stated that if GE lowered its price, it would rebate the price difference to its past customers. Show that this plan makes collusion between GE and Wes..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd