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 98 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
Great answer, keep it coming :)

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

An emergency department physician at work An emergency department physician at work
Collecting a 24-Hour Urine Specimen Collecting a 24-Hour Urine Specimen
Men who are at risk for heart disease and report work-related stressors are at greater risk of death ... Men who are at risk for heart disease and report work-related stressors are at greater risk of death ...
Work and Gender: Women at Work in India Work and Gender: Women at Work in India
Value of Work versus GDP per Capita Value of Work versus GDP per Capita
Math work Math work
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library