This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Meredith receives a wage hike. If Meredith decides to work an extra hour A) her reservation wage ... (Read 157 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
Meredith receives a wage hike. If Meredith decides to work an extra hour
 
  A) her reservation wage rate exceeds her value of marginal product.
  B) her opportunity cost of leisure is high.
  C) her substitution effect is greater than her income effect.
  D) she operates on the backward-bending portion of her labor supply curve.

Question 2

In the figure above, suppose the price of a pound of pecans is negatively related to the quantity of peanuts that farmers are willing to supply. If the price of pecans increases
 
  A) the curve will shift rightward.
  B) the curve will shift leftward.
  C) there is a movement along the curve.
  D) the curve will be unaffected.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Excellent

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Decapods, from Ernst Haeckel's 1904 work Kunstformen der Natur Decapods, from Ernst Haeckel's 1904 work Kunstformen der Natur
In the communication technique of collaborating, the nurse sends the message that the nurse and pati In the communication technique of collaborating, the nurse sends the message that the nurse and pati
Work Settings for People Earning Master’s and Bachelor’s Degrees in Psychology Work Settings for People Earning Master’s and Bachelor’s Degrees in Psychology
A well-folded letter fits easily into the envelope and is easily removed by the person who receives ... A well-folded letter fits easily into the envelope and is easily removed by the person who receives ...
Typical Work Settings for Massage Therapists Typical Work Settings for Massage Therapists
A sample of work by a Grade 4 student with a specific learning disorder A sample of work by a Grade 4 student with a specific learning disorder
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library