A profit maximising firm will employ labour up to the point where ?

Related Mcqs:

The natural rate of unemployment is likely to fall if ?

A. unemployment benefits increase B. Income tax increases C. More training is available for the unemployed D. Geographical immobility increases...

Some frictional Unemployment is inevitable because ?

A. of minimum wage laws B. There are changes in the demand for labour among different firms. C. Of unions D. All of these answers E. Efficiency wages may hold the wage...

If the real wage is too high in the labour market ?

A. The quantity demanded of labour is higher than the quantity supplied B. The quantity demanded of labour equals the quantity supplied C. The quantity demanded of labour is lower than the quantity supplied D. It will automatically adjust in the short run to bring equilibrium...

Occupational immobility of labour occurs if ?

A. People lack information B. People do not want to work C. People do not have the right skills to work D. People cannot afford to move location...

Unions tend to increase the disparity in pay between insiders and outsiders by ?

A. increasing the wage in the Unionized sector, Which may create a decrease in the supply of workers in the non-unionized sector B. Increasing the demand for workers in the Unionized sector C. decreasing the demand for workers in the Unionized sector D. Increasing the wage in the Unionized sector which may create an increase … Unions tend to increase the disparity in pay between insiders and outsiders by ?Read More...