If the opportunity cost of working outside the home decreases then it is likely that ________, assuming all else equal
A) there will be a rightward shift in the labor supply curve
B) there will be an upward movement along the labor supply curve
C) there will be a downward movement along the labor supply curve
D) there will be a leftward shift in the labor supply curve
A
Economics
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If Happy Chickens sells its eggs only in 12 carton packages, this is an example of ________.
A) linear pricing B) two-part pricing C) commodity bundling D) an all-or-nothing offer
Economics
The law of diminishing returns describes the:
A. relationship between resource inputs and product outputs in the short run. B. positive relationship between resource inputs and product outputs in the long run. C. relationship between total costs and total revenues. D. profit-maximizing position of a firm.
Economics