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Author Question: The income effect of a higher wage rate results in a I. higher income as people work more. II. ... (Read 183 times)

dakota nelson

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on: Jun 29, 2018
The income effect of a higher wage rate results in a
 
  I. higher income as people work more.
  II. person choosing to decrease work hours as income increases.
  III. backward-bending labor supply curve.
  A) I and II
  B) II and III
  C) I and III
  D) II only

Question 2

The table above shows sales of the firms in the pet food industry. The four-firm concentration ratio in the industry is
 
  A) 59 percent.
  B) 80 percent.
  C) 70 percent.
  D) 40 percent.


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duy1981999

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

B

Answer to Question 2

C


dakota nelson

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cpetit11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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