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Hoochie [10]
3 years ago
9

Amari has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where

he earns $18 per hour. During the summer, he drives a tour bus around the ski resort, earning $13 per hour.
Refer to Scenario 18-3. If Amari takes more hours of leisure in the winter than in the summer, we can assume that his labor supply curve for the range of earnings in this example:
a. is vertical.
b. has a backward-bending portion.
c. is horizontal
d. is upward sloping.
Business
1 answer:
Nina [5.8K]3 years ago
6 0

Answer: b. has a backward-bending portion.

Explanation:

A backward-bending supply curve shows what happens when people substitute higher wages for more leisure time like Amari is doing in this scenario.

At a higher wage, people will be able to work for shorter hours as such a job will still give them the same amount of money as working longer in lower paying jobs.

After they get a certain level of payment from the higher paying job, they will then substitute the remaining hours for leisure. This creates a backward-bending curve because labor hours are reducing past a certain level of wages.

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Multiply the number of shares issued by the price per share. Doing this calculation gives you the amount of cash raised by the sale of the stock. For example, if the company issues 100 shares at $10 per share, the result is $1,000 of additional capital raised from stock issuances.
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alisa pursues the option to reallocate the bonus money which is currently only allocated to upper management. this will give emp
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1 year ago
Corn is a perfectly competitive commodity. in the marketplace, the demand curve for corn is:
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3 years ago
Xpo Center Inc. and Festival Music LLC have an executory contract. They agree to rescind it and simultaneously enter into a new
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1 year ago
Your firm has net income of $273 on total sales of $1,240. Costs are $690 and depreciation is $130. The tax rate is 35 percent.
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Answer:

The operating cash flow is $403.

Explanation:

Since the firm does not have interest expenses, proceed as follows:

Earning before interest and tax (EBIT) = Sales - Costs - Depreciation

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Operating cash flow = $403

Therefore, the operating cash flow is $403.

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3 years ago
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