Author Question: To understand why wages are so low and the process by which wages are determined, we must focus on ... (Read 43 times)

ishan · **on:** Jul 1, 2018

To understand why wages are so low and the process by which wages are determined, we must focus on the supply side of the labor market.

Indicate whether the statement is true or false

Question 2

You are the owner of a rare bottle of wine valued at 332. There are no costs associated with storing or selling the wine. Next year you expect the wine to increase in value to 350. If the interest rate is 10 percent

A) you should sell the wine today.
B) you should keep the wine for at least one more year.
C) you are indifferent between selling the wine today and holding it for one more year.
D) more information is needed to answer this question.