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Author Question: As the wage rate rises, the income effect influences workers to choose ________ leisure, and the ... (Read 81 times)

Jramos095

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on: Jun 29, 2018
As the wage rate rises, the income effect influences workers to choose ________ leisure, and the substitution effect influences workers to choose ________ leisure.
 
  A) more; less
  B) more; more
  C) less; less
  D) less; more

Question 2

Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that
 
  A) her total utility from consuming pizzas had been negative.
  B) her marginal utility from consuming pizzas had been negative.
  C) her marginal utility from consuming pizzas had been zero.
  D) pizza is an inferior good for Renee.


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adammoses97

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

A

Answer to Question 2

D


Jramos095

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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