An increase in the wage rate ?

Related Mcqs:

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

A. Marginal revenue = marginal product B. Marginal cost = marginal product C. Marginal revenue product = average cost of labour D. Marginal revenue product = marginal cost of labour...

If people are made unemployed because of a fall in aggregate demand this is known as ?

A. Frictional unemployment B. Seasonal unemployment C. Cyclical unemployment D. Structural unemployment...

Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium ?

A. Unemployment due to unions B. Unemployment due to efficiency wages C. Frictional Unemployment D. Unemployment due to minimum-wage laws...

Demand for labour is more likely to be wage inelastic if ?

A. Wages are a small proportion of total costs B. Demand for the final product is price elastic C. It is easy to replace labour D. Capital is a good substitute for labour...

In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?

A. The average cost of labour B. The marginal product C. The marginal revenue D. The total cost of labour...