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In making labor supply decisions, households weigh

Coltonht

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In making labor supply decisions, households weigh

Question 1.

General equilibrium exists when any one market in an economy is in equilibrium.

▸ true

▸ false

Question 2.

In making labor supply decisions, households weigh

▸ the market wage against the value of market produced goods.

▸ the market wage against the value of their marginal product of labor.

▸ the market wage against the value of leisure and time spent in unpaid household production.

▸ child care costs.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 76 times

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Matt. D.

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More solutions for this book are available here

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Coltonht Author

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5 years ago

Thank you, thank you, thank you!

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