This topic contains a solution. Click here to go to the answer

Author Question: The supply of labor is the relationship between __________. A. the quantity of labor supplied and ... (Read 75 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
The supply of labor is the relationship between __________.
 
  A. the quantity of labor supplied and leisure time forgone
  B. the real wage rate and the quantity of labor supplied
  C. firms' willingness to supply jobs and the real wage rate
  D. the labor force participation rate and the real wage rate

Question 2

Refer to Figure 4-2. What area represents producer surplus at a price of P1?
 
  A) A + C B) A + C + E C) C D) C + E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B Answer B defines the supply of labor.

Answer to Question 2

C




nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

For a complete list of videos, visit our video library