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Author Question: Mickey got a raise from $14 an hour to $20 an hour. As a result of the wage increase, Mickey desires ... (Read 110 times)

penguins

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on: Apr 19, 2019

Question 1

If the income effect is equal to the substitution effect, the labor supply curve


◦ is horizontal.
◦ is vertical.
◦ has a negative slope.
◦ has a positive slope.

Question 2

Mickey got a raise from $14 an hour to $20 an hour. As a result of the wage increase, Mickey desires to work more hours and take less hours of leisure. For Mickey


◦ the substitution effect dominates the income effect.
◦ the income effect dominates the substitution effect.
◦ the substitution effect must equal the income effect.
◦ the substitution effect must be zero.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by penguins on Apr 19, 2019

manuelcastillo

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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penguins

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Reply #2 on: Apr 19, 2019
Thank you!


manuelcastillo

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Reply #3 on: Apr 19, 2019
Always glad to help...


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