This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The substitution effect of a wage increase is observed when A) leisure's higher opportunity cost ... (Read 125 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
The substitution effect of a wage increase is observed when
 
  A) leisure's higher opportunity cost causes workers to take more leisure and work less.
  B) leisure's higher opportunity cost causes workers to take less leisure and work more.
  C) the higher wage income causes workers to take more leisure and work more.
  D) the higher wage income causes workers to take more leisure and work less.

Question 2

Which of the following is considered a durable good?
 
  A) clothing B) a washing machine
  C) medical care D) food


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


D2AR0N

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 29, 2018
Thank you


Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1
Effect of a Black Hole’s Tidal Force on Infalling Matter Effect of a Black Hole’s Tidal Force on Infalling Matter
A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain
The Increase in Divorce The Increase in Divorce
Factors Affecting Saturation and Condensation: Effect of Curvature Factors Affecting Saturation and Condensation: Effect of Curvature
The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library