Author Question: If my wage rate increases, utility maximization requires that my quantity of labor supplied a. ... (Read 80 times)

crobinson2013 · **on:** Jun 30, 2018

If my wage rate increases, utility maximization requires that my quantity of labor supplied
a. increase
b. decrease
c. increase if the income effect dominates the substitution effect
d. increase if the substitution effect dominates the income effect
e. increase if the substitution effect equals the income effect

Question 2

One reason the U.S. government is sensitive to demands by the elderly is that the elderly have higher voter participation rates than members of other age groups.
a. True
b. False