This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A consumer's budget line will rotate outward along the horizontal axis if: a. the price of the good ... (Read 17 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
A consumer's budget line will rotate outward along the horizontal axis if:
 a. the price of the good on the horizontal axis decreases.
  b. the price of the good on the vertical axis increases.
  c. the price of the good on the horizontal axis increases.
  d. the consumer's income decreases.

Question 2

Why is the market supply curve of labor positively sloped though individual supply curves are backward-bending beyond a certain wage rate?
 a. People tend to work less when wage rate increases.
  b. Every individual laborer has equal trade offs between labor and leisure.
  c. People tend to substitute labor for leisure.
  d. People work more for the fear of losing their jobs and becoming unemployed.
  e. All the individual supply curves do not bend backward at one particular wage rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

diana chang

  • Sr. Member
  • ****
  • Posts: 288
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


iveyjurea

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The horizontal fraction bar was introduced by the Arabs.

The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
Line immunoassay (LIA), also recombinant immunoblot assay (RIBA) and Immuno-stripe, is similar to a ... Line immunoassay (LIA), also recombinant immunoblot assay (RIBA) and Immuno-stripe, is similar to a ...
Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ... Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ...
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Rotate v/s Revolve. Rotate v/s Revolve.
To rotate a matrix along the y-axis To rotate a matrix along the y-axis
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library