Author Question: The quantity of labor an individual supplies to any market a. always increases as the market wage ... (Read 35 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
The quantity of labor an individual supplies to any market
 a. always increases as the market wage rate rises
  b. is contingent upon the wage rates offered in other labor markets
  c. always decreases as the market wage rate rises
  d. could never be zero over the realistic range of wage rates
  e. depends only on the opportunity cost of the individual's time in other labor markets

Question 2

Of the following, who would probably have the highest income?
 a. a couple, both of whom have high school educations and work at WalMart
  b. a husband who has a high school degree and a middle-management job and his wife, who is a full-time mother
  c. a couple, both of whom have high school educations; he is a high school teacher and she is a librarian
  d. a husband who has a college degree and is a high school teacher and his wife, who has an MBA and works as a insurance company executive
  e. a couple, both of whom have college degrees and are high school teachers



Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library