Sheshould c

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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...
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