« previous next »

Author Question: In the two-period utility maximization model the opportunity cost of one unit of C1 is a. one unit ... (Read 88 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
In the two-period utility maximization model the opportunity cost of one unit of C1 is
 a. one unit of C0.
  b. 1 + r units of C0.
  c. 1/(1 + r) units of C0.
  d. cannot be determined without more information.

Question 2

The fact that more women have chosen to work as real wages rise is evidence that, for them
 a. leisure is an inferior good.
  b. income and substitution effects of higher real wages work in the same direction.
  c. income and substitution effects of higher real wages may work in opposite directions.
  d. income and substitution effects may work in opposite directions but that the substitution effect is stronger.


Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Lab: Amoeba Model Lab: Amoeba Model
A functional renal unit. A functional renal unit.
Type of Interactions, Model, Examples and Dependence of Energy on Distance Type of Interactions, Model, Examples and Dependence of Energy on Distance
The orange ball is a model of an HPV16 virus The orange ball is a model of an HPV16 virus
The sliding-filament model The sliding-filament model
Descartes's model of simple reflexes Descartes's model of simple reflexes
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library