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 123 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?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Typical Organization of the CPT Manual Typical Organization of the CPT Manual
Typical wiring diagram of a V-6 distributorless (direct fire) ignition system. Typical wiring diagram of a V-6 distributorless (direct fire) ignition system.
A typical IAC. A typical IAC.
A typical evaporative emission control system. Note that when the computer turns on the canister ... A typical evaporative emission control system. Note that when the computer turns on the canister ...
Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009 Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library