Short-run increase in wage rate in com-petitive labor market

Assignment Help Business Economics
Reference no: EM131009757

Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?

(a) An increase in immigration.

(b) An increase in the output price.

(c) A decrease in productivity.

(d) An increase in native labor supply.

(e) A decrease in labor demand.

Reference no: EM131009757

Questions Cloud

About the get a student loan : Suppose you get a student loan for $8,000, and your payments are deferred until after you graduate, 2 years from now. Then, you will make 15 yearly payments (starting 2 years from now). What are your payments? The interest rate is 8%/year.
When the government imposes a payroll tax on workers : When the government imposes a payroll tax on workers
What are the equilibrium levels of employment : An economy consists of two regions, the North and the South. The short-run elasticity of labor demand in each region is -0.5. Labor supply is perfectly inelastic within both regions. What will be the effect of this immigration on wages in each of the..
Labor force participation rates tend to : Labor force participation rates tend to
Short-run increase in wage rate in com-petitive labor market : Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
An indication of the games nash equilibrium : Model the following situations as a game. Ensure that your game's payoffs match the situation. Your answer should consist of a payoff matrix, a short explanation, and an indication of the game's Nash equilibrium. You and your classmate plan to meet l..
The equilibrium of a competitive labor market is associated : The equilibrium of a competitive labor market is associated with
They simply extensions of existing products : Choose a company in which you are interested. Search to find out what new products that company has brought to market in the past year or two. Are those products truly new innovations, or are they simply extensions of existing products? What consider..
Higher sales level will cause average fixed cost to decrease : It would be reasonable for a typical purely competitive wheat farmer to lower his price per bushel in order to sell more. The higher sales level will cause average fixed cost to decrease and this will result in more profit for the individual farmer. ..

Reviews

Write a Review

Business Economics Questions & Answers

  Positive population growth and technological progress

Assume that an economy experiences both positive population growth and technological progress. A reduction in the saving rate will cause:

  Planning diets for the food stamp program

The United States Department of Agriculture (USDA) is responsible for managing and administering the national food stamp program. This program provides vouchers to low income families that can be used in place of cash to produce food at grocery store..

  Checkout lanes and employees

The Good’n’Fresh Grocery Store has 2 checkout lanes and 4 employees. Employees are equally skilled, and all are able to either operate a register (checkers) or bag groceries (baggers). The store owner assigns one checker and one bagger to each lane. ..

  Q if the price elasticity of demand is 15 and a firm raises

q. if the price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm

  Sable monopoly traps hard currency-coats capitalists

The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that

  The net first cost of purchasing the new gear hobber

A company owns a 8-year old gear hobber that has a book value of $62,000. The present market value of the hobber is $86,000. A new gear hobber can be purchased for $465,000. Using an outsider’s point of view, what is the net first cost of purchasing ..

  What is the fertility transition

What is the fertility transition and when did it take place in the United States? What explanations have been proposed to account for the fertility transition? Critically evaluate each of these explanations in accounting for the fertility transition ..

  What is the equilibrium quantity

What would be the equilibrium price?  What is the equilibrium quantity?

  Discuss what will happen in this market as it moves to a new

Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.

  Example of speculative risk-noninsurance risk transfer

One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves? Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk? Whi..

  Show that with price-taking firms the share of labor

Suppose two countries, A and B, with the same production function Y = K? L1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Show that with price-taking firms the share of labor must be 1?.

  Smoothing techniques are a form of

Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.

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