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Title: Jason receives a raise at work. He now earns $10 per hour instead of $8 per hour. The substitution Post by: stars_and_moon on Jul 19, 2016 Jason receives a raise at work. He now earns $10 per hour instead of $8 per hour. The substitution effect of this wage rate is
A) he now has to give up $10 for an hour of leisure so he will want to work less. B) he now has to give up $10 for an hour of leisure so he will want to work more. C) he now has $400 rather than $320 if he works a 40-hour week so he will want to work more. D) he now has $400 rather than $320 if he works a 40-hour week so he will want to work less. Title: Re: Jason receives a raise at work. He now earns $10 per hour instead of $8 per hour. The ... Post by: kingby on Aug 3, 2016 Content hidden
Title: Re: Jason receives a raise at work. He now earns $10 per hour instead of $8 per hour. The substitution Post by: stars_and_moon on Aug 17, 2016 I figured, great answer
Title: Re: Jason receives a raise at work. He now earns $10 per hour instead of $8 per hour. The substitution Post by: kingby on Aug 18, 2016 Great! Now we can move on to the next one
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