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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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9 years ago
According to opportunity-cost theory, if more people learned how to repair their own automobiles, the wages of automotive mechanics would
A) decline as the highest-cost mechanics left the business.
B) decline, because the marginal quality of the services provided would go down.
C) not change because no change has occurred in demand or supply.
D) rise, because mechanics would have to obtain more per hour to maintain their incomes.
E) rise in order to compensate for the smaller demand.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 237 times
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DropxDropx
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9 years ago
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Sublight2097 Author
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#2
9 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
9 years ago
Happy to help, let me know if you have any more requests.
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