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

  Examples of transactions

Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What was its net capital flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter the ..

  Q1 during a war the government puts pressure on producers

q1. during a war the government puts pressure on producers for heavy equipment supplies and services making each more

  Few stars to fully staff every team

Here are too few stars to fully staff every team, but there are enough for a few to be on every team if an owner decided to hire them.

  Determine the nature of the return to scale as exhibited

Show whether or not the above production function exhibits diminishing marginal productivity of labor. Determine the nature of the Return to Scale as exhibited by the above production function.

  Find the country with largest budget deficit

find the country with largest budget deficit and largest budget surplus in this list the budget deficit is called the Budget Balance.

  About the estimated salvage-half-year convention enforced

New equipment was just purchased for $750,000. Estimated salvage in 10 years is $50,000. Calculate the depreciation and book value at the end of year 4 for each of the following methods:

  How has apple positioned itself to take advantage

How has Apple positioned itself to take advantage of unique designs to attract a sufficiently large niche market to surpass the competition in the United States and China? What does the Apple experience tell us about risks associated with strategic a..

  Employment fluctuates less over the business cycle

There is the long debate on the Frisch-Elasticity being the driver of unemployment over the business cycle. Women have a bigger elasticity than men, yet their employment fluctuates less over the business cycle.

  Discuss three cultural change strategies foreign marketer

Discuss the three cultural change strategies a foreign marketer can pursue. What are they and why is it important to understand their meaning?

  Use the market relates to vertically integrate

Use the market relates to vertically integrate as:

  Industry in their home country

Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.

  Explain how this job loss affects john consumption

John Smith expected income in period two is unchanged. Illustrate graphically explain how this job loss affects John's consumption in periods one and two.

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