Top Posters
Since Sunday
y
2
s
2
2
a
1
w
1
w
1
i
1
m
1
s
1
c
1
k
1
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Peregrinus Peregrinus
wrote...
Go to Answer
Posts: 266
Rep: 0 0
6 years ago
Consider the above figure. If the wage rate is initially $8 per hour and subsequently increases to $12 per hour, then
A) the income effect dominates and optimal hours of work increase by 3 hours.
B) the income effect dominates and optimal hours of work decrease by 3 hours.
C) the substitution effect dominates and optimal hours of work increase by 3 hours.
D) the substitution effect dominates and optimal hours of work decrease by 3 hours.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
Read 56 times
1 Reply
Replies
Answer verified by a subject expert
ShadiasShadias
wrote...
#1
Top Poster
Posts: 608
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Peregrinus Author
wrote...

6 years ago
Smart ... Thanks!
gefa
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jaray75
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  995 People Browsing
 160 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1866
  
 1928
  
 362
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 436
Previous poll results: Do you believe in global warming?