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

Author Question: According to the substitution effect of labor supply, when the wage rate goes up: (Read 96 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jul 21, 2019
According to the substitution effect of labor supply, when the wage rate goes up:
◦ the opportunity cost of enjoying leisure goes down.
◦ it becomes more costly to consume leisure, so people will work more.
◦ firms will hire more workers since people are more willing to work.
◦ it becomes less costly to consume leisure, so people will work more.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Shelles on Jul 21, 2019

Bigfoot1984

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 21, 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.
Answer Preview
Only 25% of students answer this correctly


Shelles

  • Hero Member
  • *****
  • Posts: 582
Reply #2 on: Jul 21, 2019
Excellent


Bigfoot1984

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 21, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

An example of the founder effect with subsequent adaptive radiation. An example of the founder effect with subsequent adaptive radiation.
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
Cocaine’s Effect on the Brain Cocaine’s Effect on the Brain
Outgroup role in relative rate test Outgroup role in relative rate test
Stem-lengthening effect of gibberellins. Stem-lengthening effect of gibberellins.
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library