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

Author Question: The substitution effect of a wage increase is observed when A) leisure's higher opportunity cost ... (Read 104 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
The substitution effect of a wage increase is observed when
 
  A) leisure's higher opportunity cost causes workers to take more leisure and work less.
  B) leisure's higher opportunity cost causes workers to take less leisure and work more.
  C) the higher wage income causes workers to take more leisure and work more.
  D) the higher wage income causes workers to take more leisure and work less.

Question 2

Which of the following is considered a durable good?
 
  A) clothing B) a washing machine
  C) medical care D) food


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


D2AR0N

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 29, 2018
Thank you


Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
First-pass effect. First-pass effect.
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ... Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ...
How much atmospheric pressure drop would starting to effect us? How much atmospheric pressure drop would starting to effect us?
The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library