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Author Question: When wages increase, the income effect a. increases the quantity of labor supplied b. increases ... (Read 112 times)

ec501234

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on: Jun 30, 2018
When wages increase, the income effect
 a. increases the quantity of labor supplied
  b. increases the supply of labor.
 c. decreases the quantity of labor supplied
  d. decreases the supply of labor.

Question 2

A firm that controls both the upstream as well as the downstream stages of production is said to be:
 a. functionally integrated.
  b. perpendicularly integrated.
  c. vertically integrated.
  d. horizontally integrated.


snackralk

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

c

Answer to Question 2

C


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ec501234

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Reply #2 on: Jun 30, 2018
Thank you :)


snackralk

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Reply #3 on: Jun 30, 2018
Happy to help you


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