Recall the Application about the response of bike messengers in Zurich to a change in wages to answer the following question(s).Recall the Application. A study of bike messengers in Zurich showed that as the messengers' revenue share increased from 40% to 50%, their:
A. efforts decreased but their incomes still increased.
B. efforts increased but their incomes still decreased.
C. efforts decreased causing their incomes to decrease.
D. efforts increased causing their incomes to increase.
Answer: A
Economics
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As long as price exceeds AVC, the firm is better off
A) continuing production. B) closing. C) raising its price. D) cutting price.
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Over the last several decades, the amount of government investment in U.S. infrastructure in real terms has: a. remained the same
b. decreased. c. increased marginally. d. increased substantially.
Economics