Microeconomics

When the demand for housing slumps, carpenters might expect their incomes to fall. a. True b. ...

Started by Anajune7

The dean of your college is considering hiring another economics professor. If the additional ...

Started by Sportsfan2111

Which of the following resources will a producer demand another unit of so long as the additional ...

Started by lunatika

People supply their resources to the highest-paying alternative, even if working conditions are not ...

Started by s.tung

Which of the following would not explain why academic economists earn less than corporate ...

Started by panfilo

Fred Ramirez is a farmer who charts the relationship between number of acres planted in corn and ...

Started by amal

Of the following resources used to supply sidewalk food in New York City, which is the most ...

Started by big1devin

Using free public space means that sidewalk vendors earn long-run economic profits. a. True b. ...

Started by crobinson2013

As the cost of operating ATM machines falls, the demand for bank tellers will decline. a. True b. ...

Started by mwit1967

The income of a resource whose supply is fixed is entirely economic rent. a. True b. ...

Started by kaid0807

The minimum wage can be thought of as a price floor. The great majority of labor economists believe ...

Started by tth

Every individual has a labor supply curve in each market where there is a possible use for his/her ...

Started by debasdf

The quantity of labor an individual supplies to any market a. always increases as the market wage ...

Started by moongchi

If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam a. is ...

Started by cagreen833

If Dian chooses a job with a lower income over one with a higher income, she cannot be maximizing ...

Started by colton

Jason can maximize his satisfaction by allocating time among market work, nonmarket work, and ...

Started by evelyn o bentley

The amount of time an individual is willing to sell on the labor market varies positively with the ...

Started by rmenurse

A worker's labor supply depends on, among other things, his ability, his preference for the task, ...

Started by anjilletteb

Leisure time is not subject to diminishing marginal utility. a. True b. ...

Started by rayancarla1

A consumer maximizes utility by allocating time so that the expected marginal utilities of the last ...

Started by kfurse

As the wage rate increases, the income effect tends to reduce the quantity of labor supplied to the ...

Started by SO00

Nonmarket work includes time spent a. producing goods and services for your employer b. pursuing ...

Started by bcretired

Market work includes activities such as a. practicing your golf game b. studying for an economics ...

Started by OSWALD

Leisure is a. not subject to the law of diminishing utility because you can never have enough ...

Started by abarnes

Leisure is a. subject to the law of diminishing marginal utility b. usually considered an inferior ...

Started by cherise1989