Business, 10.12.2019 01:31 isabelsmhl

You win the million-dollar lottery and decide to quit working. how can you explain this decision using economics? choose one or more: a. the income effect now governs your behavior as you supply more labor. b. the income effect now governs your behavior as you demand more leisure. c. the substitution effect now governs your behavior as you demand more leisure. d. the opportunity cost of leisure goes up. e. the opportunity cost of leisure goes down. f. the substitution effect now governs your behavior as you demand less leisure.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, aidy8665

Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?

Answers: 2

continue

Business, 21.06.2019 20:50, clwalling04

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Answers: 2

continue

Business, 22.06.2019 03:30, skylar1315

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Answers: 1

continue

Business, 22.06.2019 15:20, lamashermosa23

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Answers: 2

continue

You know the right answer?

You win the million-dollar lottery and decide to quit working. how can you explain this decision usi...