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

Author Question: The typical labor supply curve is upward sloping but it is possible for the curve to be backward ... (Read 117 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
The typical labor supply curve is upward sloping but it is possible for the curve to be backward bending negatively slopedat very high wage levels. Which of the following would cause a backward-bending supply curve?
 
  A) This would occur if leisure is an inferior good.
  B) This would occur when the substitution effect from an increase in the wage becomes larger than the income effect.
  C) This would occur when a large number of workers choose leisure rather than employment at low wages; only a very large increase in the wage will lead these workers to prefer employment to leisure.
  D) This would occur when the income effect from an increase in the wage becomes larger than the substitution effect.

Question 2

Labor productivity is
 
  A) the quantity of capital one worker can produce in one day.
  B) the quantity of output produced in one hour by several workers.
  C) the quantity of output produced in one hour by one machine.
  D) the quantity of output produced by one worker or by one hour of work.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
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 29% of students answer this correctly


kwoodring

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 29, 2018
Thank you


heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
A typical ratchet used to rotate a socket. A ratchet makes a ratcheting noise when it is being ... A typical ratchet used to rotate a socket. A ratchet makes a ratcheting noise when it is being ...
A typical engine oil cooler. Engine coolant flows through the cooler adjuster that fits between the ... A typical engine oil cooler. Engine coolant flows through the cooler adjuster that fits between the ...
Typical laboratory emergency shower. Typical laboratory emergency shower.
Blood Supply of the Liver Blood Supply of the Liver
Typical injuries of an unrestrained driver. Typical injuries of an unrestrained driver.
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library