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  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
7 years ago
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.
Read 126 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
#2
7 years ago
I figured, great answer
wrote...
#3
7 years ago
Great! Now we can move on to the next one
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1276 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 271
  
 368
  
 186
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: Does a gender wage gap exist in America?