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Author Question: The substitution effect of a wage increase is observed when A) leisure's higher opportunity cost ... (Read 150 times)

D2AR0N

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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


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Dinolord

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

B

Answer to Question 2

B


D2AR0N

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Reply #2 on: Jun 29, 2018
Thank you


Dinolord

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Reply #3 on: Jun 29, 2018
No problemo


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