Question: question 15 Consider an optimizing worker. If the income effect is weaker than the substitution effect, then a decrease in wages will cause hours worked

question 15

Consider an optimizing worker. If the income effect is weaker than the substitution effect, then a decrease in wages will cause hours worked to O remain unchanged O increase O decreaseConsider a firm in a competitive labor market. All else equal, as the marginal revenue product of labor schedule falls, the firm hires labor. O more O the same amount of less

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