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

Author Question: It is said that a wage increase can have two opposing effects. Which of the following captures these ... (Read 38 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
It is said that a wage increase can have two opposing effects. Which of the following captures these two effects?
 a. A backward-bending labor-supply curve
  b. A perfectly elastic labor-supply curve
  c. A perfectly inelastic labor-supply curve
  d. A perfectly elastic labor-demand curve
  e. A backward-bending labor-demand curve

Question 2

Which of the following is a determinant of price elasticity of demand?
 a. Availability of substitute goods
  b. Excess capacity
  c. Scale of production
  d. Inventories
  e. Cost of production


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr
Stereoisomers have different effects in humans Stereoisomers have different effects in humans
Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive
Adverse Effects Associated with Oral Contraceptives Adverse Effects Associated with Oral Contraceptives
Stone Massage: Beneficial Effects, Therapeutic Uses, and Contraindications Stone Massage: Beneficial Effects, Therapeutic Uses, and Contraindications
Effects of Dehydration on Exercise Performance Effects of Dehydration on Exercise Performance
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library