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Other Fields Homework Help Economics Topic started by: BrendanOO7 on Nov 14, 2017



Title: A mandated increase in overtime pay is likely to
Post by: BrendanOO7 on Nov 14, 2017
A mandated increase in overtime pay is likely to
A) raise the average costs of labor, even if all overtime hours were eliminated.
B) cause an increase in labor hours due to the scale effect.
C) cause employers to increase straight-time hourly wages to compensate (because of the "package" agreed upon).
D) cause an increase in labor hours due to the substitution effect.


Title: Re: A mandated increase in overtime pay is likely to
Post by: alani on Nov 14, 2017
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