« previous next »

Author Question: Households' labor supply decisions are influenced by all of the following except _______. A. the ... (Read 23 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
Households' labor supply decisions are influenced by all of the following except _______.
 
  A. the opportunity cost of taking leisure and not working
  B. the after-tax wage rate
  C. unemployment benefits
  D. the number of full-time jobs available

Question 2

Refer to Figure 6-4. Which of the following statements about price elasticity of demand is true?
 
  A) The inelastic portion of the demand curve corresponds to the segment above the midpoint.
  B) At the midpoint of the demand curve, the elasticity coefficient is zero.
  C) The elastic portion of a straight-line, downward-sloping demand curve corresponds to the segment above the midpoint.
  D) The elasticity coefficient is constant along the demand curve.


scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

D The number of full-time jobs available reflects firms' demand for labor not households' supply of labor.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

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.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
Many households today include young adults who have not moved out of their parents’ homes (or who ... Many households today include young adults who have not moved out of their parents’ homes (or who ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library