All categories

3 years ago

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that____________.

Business

1 answer:

marshall27 [118]3 years ago

3 0

Answer:

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that for Jeff, the substitution effect is greater than the income effect - option C.

Explanation:

The substitution effect is stronger than the income effect in a case whereby the supply of labor increases as the wage rate increases .

On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.

With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.

Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.

Therefore, the correct answer is option C.

You might be interested in

Misty, Ibtihaj, and Taraji, all African Americans, work in the advertising department of a large cosmetics company with a multi-

bagirrra123 [75]

Answer:

Varieties of perspectives

Explanation:

Diversity awareness is the ability to relate with individuals of various category like age , race , color , gender ,religion , ethnicity , physical disabilities , belief and so many other varieties in human .

It has so many benefits , one of which is "varieties of perspective ". The new advertising of incorporating women of a wide spectrum of skin tones came because of the view of the three African employees , which would not have been there if they were not employed.

3 0

3 years ago

projectized organizations are especially effective at helping team members to maintain their discipline-specific competencies

Svetlanka [38]

Projectized organizations are especially effective at helping team members to maintain their discipline-specific competencies.

This statement is False.

A Projectized organization works by means of arranging activities into portfolios or applications and executing them via projects. In these kinds of systems, the mission supervisor is the final authority over the venture they are coping with. The team that is operating on the task reviews entirely to them.

Benefits of a Projectized Organizational shape the project team contributors at once record to the assignment supervisor which enables selection making quicker. sturdy conversation lines may be established by a few of the project team participants. group members work in dynamic and adaptive surroundings.

Learn more about Projectized Organizational here: brainly.com/question/13945253

#SPJ4

6 0

2 years ago

Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of ber

Firlakuza [10]

Answer:

SHEILA

Explanation:

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.

Sheila's opportunity cost in producing berries = 10/40 = 0.25

Jim's opportunity cost in producing berries = 8/24 = 0.33

Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries

7 0

3 years ago

For the last five years, the HR manager at Fresh Foods has been asking all applicants to appear for a test. The HR manager now i

Troyanec [42]

Answer:

The correct answer is predictive validity test.

Explanation:

A predictive validity test is carried out in order to predict the performance that a collaborator will have in the future. With this dynamic, it is ensured that an honest employee is hired, and that he always acts under the rules of the organization to which he will belong. In general, there are discrepancies compared to what many people can do under certain circumstances, and this test is precisely what they want to know about the performance under different scenarios.

8 0

3 years ago

Read 2 more answers

Quentin's total debt to equity ratio on December 31, 2014, is _______

scoundrel [369]

Answer:

Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached file for the complete question.

The explnation to the answer is therefore given as follows:

The debt-to-equity ratio refers to a financial ratio that is used to measure the relative proportion of debt and Owners' equity that are employed to finance assets of a company.

The debt-to-equity ratio using the following formula:

Debt-to-equity ratio = Total liabilities / Owners' equity ............... (1)

Where;

Total liabilities = Total current liabilities + Non-current liabilities = $72,000 + $34,000 = $106,000

Owners' equity = $170,000

Substituting the value into equation (1), we have:

Debt-to-equity ratio = $106,000 / $170,000 = 0.62

Therefore, Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

Download pdf

3 0

3 years ago