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 119 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?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi
Effect of clinical decison support systems Effect of clinical decison support systems
Effect of stimulus strength on size of graded potential. Effect of stimulus strength on size of graded potential.
The effect of a few days of early monocular deprivation on the structure of axons projecting from ... The effect of a few days of early monocular deprivation on the structure of axons projecting from ...
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
How much atmospheric pressure drop would starting to effect us? How much atmospheric pressure drop would starting to effect us?
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library