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 164 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
:D TYSM

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen- On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen-
The work of geneticists is valuable because genes play a role in virtually every aspect of ... The work of geneticists is valuable because genes play a role in virtually every aspect of ...
Work and Gender: Women at Work in India Work and Gender: Women at Work in India
Remove all jewelry before performing service work on any vehicle. Remove all jewelry before performing service work on any vehicle.
Where do Psychological Practitioners Work? Where do Psychological Practitioners Work?
Work of Running Water Work of Running Water
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library