Sheshould c

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: not offers he has are for less than $30 an hour. Martin should supply A) exactly 40 B) hours per week in the labor market. between 0 and 20 hours per week in the labor market. C) between 20 and 40 hours per week in the labor market. D) 0 hours in the labor market. Answer: D Diff: 2 Topic: The Classical View of the Labor Market Skill: Analytic AACSB: Analytic Skills 20) Lisa is not employed. She places a value of $12 an hour on her time in nonmarket activities. If Lisa is offered a currently job paying $17 an hour, A) she should B) supply 0 hours in the labor market and allocate all of her time to nonmarket activities. she should C) supply a positive number of hours in the labor market and allocate no time to nonmarket activities. she should D) supply a positive number of hours in the labor market and to nonmarket activities. she is indifferent between supplying hours to the labor market and using her time in nonmarket activities. Answer: C Diff: 2 Topic: The Classical View of the Labor M...
View Full Document

This note was uploaded on 06/02/2013 for the course ECON 130 taught by Professor Meshew during the Fall '13 term at Victoria Wellington.

Ask a homework question - tutors are online