Author Question: In the backward-bending portion of a labor supply curve: a. a worker will increase the quantity of ... (Read 65 times)

theo

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In the backward-bending portion of a labor supply curve:
 a. a worker will increase the quantity of labor supplied in response to an increase in the wage.
  b. the substitution effect of a wage change outweighs the income effect.
 c. the income effect of a wage change outweighs the substitution effect.
 d. the substitution effect of a wage change equals the income effect.

Question 2

In case of a disagreement between a regional manager and a business area manager of a matrix organization who have equal decision making authority, the decision should be made at higher levels of the organization.
  Indicate whether the statement is true or false



tmlewis4706

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Answer to Question 1

c

Answer to Question 2

F



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