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

Author Question: The labor supply curve has a positive slope if the A) substitution effect outweighs the income ... (Read 148 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
The labor supply curve has a positive slope if the
 
  A) substitution effect outweighs the income effect.
  B) income effect outweighs the substitution effect.
  C) demand for labor is elastic.
  D) demand for labor is inelastic.

Question 2

Suppose that two soft drink manufacturers, Fizzy Pop and Spritzy Soda, agree to charge the same prices for their soft drinks. This practice is
 
  A) always legal under the antitrust laws.
  B) legal as long as Herfindahl-Hirschman index is less than 1,000.
  C) legal as long as the firms had a cost justification for setting prices.
  D) always illegal under the antitrust laws.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

The Placebo Effect The Placebo Effect
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
How to find the slope of a line using any two points How to find the slope of a line using any two points
How to perform the substitution rule with integrals (Part 1) How to perform the substitution rule with integrals (Part 1)
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Mechanics of Sound Animation

For a complete list of videos, visit our video library