If leisure is an inferior good, what can you say about the slope of the labor supply
Question:
If leisure is an inferior good, what can you say about the slope of the labor supply curve?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
The s...View the full answer
Answered By
Diane Joyce Pastorin
Please accept my enthusiastic application to solutioninn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group.
4.60+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Leisure is an inferior good for Horace. a. Use indifference curves to show the income and substitution effects of an increase in Horaces wage rate. b. Could Horaces labor supply curve be...
-
Consider Jillian, whose backward-bending labor supply curve is shown in the fi gure below. Above $50 per hour, increases in wages cause Jillian to work less, and enjoy more leisure. That implies that...
-
Suppose that the only two goods you purchase are X and Y. One day the price of X goes down. a. Illustrate your old and new budget lines. b. Illustrate the substitution and income effects on your...
-
How can adults continue to function relatively normally after surgery to remove the thymus, tonsils, spleen, or lymph nodes?
-
What nation is Southeast Asia's largest economy and what is that country's percent GDP (gross domestic product) growth annually? What are the implications for companies?
-
(a) Name the polygon. If the polygon is a quadrilateral, give its specific name. (b) State whether or not the polygon is a regular polygon.
-
Describe as many types of resource allocation problems as you can, based on the situations described in LO6 the chapter.
-
Rachel lives in a downtown apartment in Gotham City. She has 3 years remaining on her apartment lease when her landlord, Blaylock Company, approaches her about moving out. Blaylock wants to demolish...
-
Pancakes by Phyllis manufactures two lines of frozen food, biscuits and pancakes. It expects to produce 350,000 units of its biscuits, and 280,000 units of its pancakes. Having identified its...
-
Electronic Heaven, Inc., sells electronic merchandise, including a personal computer offered for the first time in September, which retails for $695. Sales of this personal computer for the next...
-
In the United States, real wage rates in manufacturing have risen steadily from 1890 to the present. In the period from 1890 to 1930, the length of the workweek was reduced dramatically. But after...
-
Suppose your opponent is not playing her Nash equilibrium strategy. Should you play your Nash equilibrium strategy?
-
In problem, use the four - step process to find fʹ(x) and then find fʹ(1), fʹ(2), and fʹ(3). 5x 3 + x f(x)=-
-
2. Question 2 When preparing a financial spread analysis, what should be done when the financial statement captions don't align with those provided in the spread template? 1 point Conform the...
-
Your company just secured an $6 million contract with a major public-sector client that is expected to generate thousands of jobs over the next 10 years. Describe the scenario as a blog.
-
Dr. John Gottman's research has been able to accurately predict divorce more than 90% of the time.By carefully studying how couples interact with each other, he identified what are known as "The Four...
-
Adult Sleep Times (hours) of sleep for randomly selected adult subjects included in the National Health and Nutrition Examination Study are listed below. Here are the statistics for this sample: n =...
-
For high-energy electron diffraction in a TEM, another estimate of the precision of diffraction angles can be provided by the uncertainty principle: px We do not know the specific plane that scatters...
-
Define the purpose of confidentiality and the measures that must be in place to protect information. Information classification Securely storing documents Applying general security policies and...
-
Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about record earnings for a stock? b. Rumors about a...
-
A car sales man once made the following pitch to one of your authors: ''If you buy this $10,000 car with cash, you will lose at least $1,500 over the next 3 years in forgone interest (assumed to be 5...
-
Although perpetual bonds are illegal in the United States, sometimes it is easiest to assume that interest payments last forever to show some simple results based on Equation. Use that equation to...
-
Draw the following incentive contracts on the same graph, with gross profit (revenue minus costs for all inputs, not including payments to the manager) for the firm on the horizontal axis and manager...
-
Portfolio return and beta Personal Finance Problem Jamie Peters invested $ 1 1 3 , 0 0 0 to set up the following portfolio one year ago: a . Calculate the portfolio beta on the basis of the original...
-
. Emerson Cammack wishes to purchase an annuity contract that will pay him $7,000 a year for the rest of his life. The Philo Life Insurance Company figures that his life expectancy is 20 years, based...
-
Integrity Inc. can sell 20-year, $1,000 par value bonds paying semi-annual interests with a 10% coupon. The bonds can be sold for $1,050 each; flotation cost of $50 per bond will be incurred in this...
Study smarter with the SolutionInn App