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Author Question: Leisure is A) wasteful to society. B) an inferior good. C) a complementary good to labor. D) a ... (Read 116 times)

kfurse

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on: Jun 29, 2018
Leisure is
 
  A) wasteful to society. B) an inferior good.
  C) a complementary good to labor. D) a normal good.

Question 2

You own a business that answers telephone calls for physicians after their offices close. You have an incentive to substitute capital for labor if the
 
  A) marginal product of labor increases. B) price of labor increases.
  C) price of capital increases. D) price of labor decreases.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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jojobee318

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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