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Author Question: A household's reservation wage is the ________. A) lowest wage rate at which the household will ... (Read 150 times)

NguyenJ

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on: Jun 29, 2018
A household's reservation wage is the ________.
 
  A) lowest wage rate at which the household will supply labor
  B) wage at which the household's labor supply curve bends backward
  C) wage rate at which the household's income is largest
  D) highest wage rate at which the household will supply labor

Question 2

If two consumption points are not on the same indifference curve, then one point is ________.
 
  A) a substitute for the other point
  B) unaffordable and the other is affordable
  C) preferred to the other
  D) more expensive than the other


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Ahernandez18

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


NguyenJ

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
Excellent

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