In the backward-bending portion of a labor supply curve: a. a ...

[theo]

In the backward-bending portion of a labor supply curve:
 a. a worker will increase the quantity of labor supplied in response to an increase in the wage.
  b. the substitution effect of a wage change outweighs the income effect.
 c. the income effect of a wage change outweighs the substitution effect.
 d. the substitution effect of a wage change equals the income effect.

Question 2

In case of a disagreement between a regional manager and a business area manager of a matrix organization who have equal decision making authority, the decision should be made at higher levels of the organization.
  Indicate whether the statement is true or false

[tmlewis4706]

Answer to Question 1

c

Answer to Question 2

F