When wages increase, the income effect
a. increases the quantity of labor supplied
b. increases the supply of labor

The marginal product of labor is the change in total product from a one-unit increase in

A) the quantity of labor employed, holding the quantity of other inputs constant. B) the quantity of capital employed, holding the quantity of labor constant. C) both the quantity of labor and the quantity of other inputs employed. D) the wage rate.

If you live in a state with a returnable deposit law and you decide to throw out your empty bottles and cans, chances are that someone down the line with a higher opportunity cost than you will find them and return them for deposits

a. True b. False