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Author Question: Labor demand is decreasing in the wage because A) the substitution effect is larger than the ... (Read 132 times)

evelyn o bentley

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on: Jun 30, 2018
Labor demand is decreasing in the wage because
 
  A) the substitution effect is larger than the income effect.
  B) the income effect is larger than the substitution effect.
  C) the production function is concave.
  D) the marginal product of labor is increasing in labor.

Question 2

The U.S. imposed high tariffs in the early nineteenth century in retaliation for British tariffs imposed on American goods.
 
  Indicate whether the statement is true or false


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Fayaz00962

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

False


evelyn o bentley

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ghepp

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

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