With respect to labor supply, the income effect leads a person to ...

[Chelseaamend]

With respect to labor supply, the income effect leads a person to want to work more in order to raise his or her income.
 
  Indicate whether the statement is true or false

Question 2

When marginal cost is greater than average cost, average cost decreases as output increases.
 
  Indicate whether the statement is true or false

[xthemafja]

Answer to Question 1

FALSE

Answer to Question 2

FALSE

[Chelseaamend]

TYSM

[at]

Thanks for the timely response, appreciate it