Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
spruckj spruckj
wrote...
Go to Answer
Posts: 435
Rep: 12 0
5 years ago

Question 1.

The opportunity cost of leisure will rise if



▸ the wage rate increases.

▸ the wage rate decreases.

▸ nonlabor income increases.

▸ nonlabor income decreases.

Question 2.

The substitution effect of a wage rate increase suggests that



▸ individuals will supply more work.

▸ individuals will supply less work.

▸ individuals will consume more leisure.

▸ individuals will supply more work and consume more leisure.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 78 times
1 Reply
Replies
Answer verified by a subject expert
beunikuelbeunikuel
wrote...
#1
Posts: 398
Rep: 64 0
5 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

spruckj Author
wrote...

5 years ago
this is exactly what I needed
MLynneMcMillan
wrote...

Yesterday
Just got PERFECT on my quiz
Gamiung3657
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1297 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 357
  
 1710
  
 270
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Where do you get your textbooks?