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Author Question: The reservation wage is the A) highest wage for which a person is willing to supply labor. B) ... (Read 72 times)

Hungry!

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on: Jun 29, 2018
The reservation wage is the
 
  A) highest wage for which a person is willing to supply labor.
  B) lowest wage for which a person is willing to supply labor.
  C) wage for which a person is willing to work full time.
  D) wage for which a person is willing to work overtime.

Question 2

In the figure above, if no one owns the lake, what is the deadweight loss in the market?
 
  A) 2,400 per month
  B) 1,800 per month
  C) 3,600 per month
  D) zero


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bigsis44

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

B

Answer to Question 2

A


Hungry!

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

hollysheppard095

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

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