« previous next »

Author Question: In the two-period utility maximization model the opportunity cost of one unit of C1 is a. one unit ... (Read 92 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?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Lab: Amoeba Model Lab: Amoeba Model
Critical Thinking Model Critical Thinking Model
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
How to evaluate angles using cosecant, special triangles, and the unit circle (Part 3) How to evaluate angles using cosecant, special triangles, and the unit circle (Part 3)
Model look has gone from curvy to stick thin to sporty and back to waiflike again Model look has gone from curvy to stick thin to sporty and back to waiflike again
A three-dimensional model of transfer RNA A three-dimensional model of transfer RNA
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library