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Author Question: The labor supply curve has a positive slope if the A) substitution effect outweighs the income ... (Read 120 times)

Sufayan.ah

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on: Jun 29, 2018
The labor supply curve has a positive slope if the
 
  A) substitution effect outweighs the income effect.
  B) income effect outweighs the substitution effect.
  C) demand for labor is elastic.
  D) demand for labor is inelastic.

Question 2

Suppose that two soft drink manufacturers, Fizzy Pop and Spritzy Soda, agree to charge the same prices for their soft drinks. This practice is
 
  A) always legal under the antitrust laws.
  B) legal as long as Herfindahl-Hirschman index is less than 1,000.
  C) legal as long as the firms had a cost justification for setting prices.
  D) always illegal under the antitrust laws.


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pikon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Sufayan.ah

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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