« previous next »

Author Question: A tax cut that raises the after-tax wage rate will most likely result in more hours worked if A) ... (Read 47 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jul 1, 2018
A tax cut that raises the after-tax wage rate will most likely result in more hours worked if
 
  A) tax rates were low already.
  B) the relevant portion of the labor supply curve is upward sloping.
  C) the relevant portion of the labor supply curve is downward sloping.
  D) workers can be easily fooled.

Question 2

If Bobby thinks that leisure is an inferior good, then his labor supply curve
 
  A) is backward bending.
  B) is always negatively sloped.
  C) is always positively sloped.
  D) does not exist.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
Exercise increases the heart rate. Exercise increases the heart rate.
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
How to read gel electrophoresis result How to read gel electrophoresis result
OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ... OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ...
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library