subject
Business, 12.09.2019 21:30 juanjuann

If molly bee increases her work hours when her wage increases, then
a. the substitution effect of the wage increase outweighs the income effect.
b. molly is spending beyond her means.
c. leisure is an inferior good to molly.
d. the income effect of the wage increase outweighs the substitution effect.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:40
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?
Answers: 1
question
Business, 22.06.2019 19:50
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
question
Business, 22.06.2019 23:00
The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system.a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase
Answers: 2
question
Business, 23.06.2019 02:00
You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm
Answers: 1
You know the right answer?
If molly bee increases her work hours when her wage increases, then
a. the substitution effect...
Questions
question
Biology, 26.05.2021 17:10
Questions on the website: 13722361