The wage on her moonlighing job rises

Assignment Help Business Economics
Reference no: EM13898422

Barbara earns $10 per hour at ther regular job, where her maximum daily shift is 8 hours. If she wants to earn more (moonlight), she can work as many hours as she wants at $5 an hour. Initially, she works exactly 8 hours per day. Then the wage on her moonlighing job rises to $10 an hour. Show this graphically. Will barbara work more hours? Is she necessarily better off now?

Reference no: EM13898422

Questions Cloud

Share the characteristic that the economy : All points on the SP curve (but not on the LP line) share the characteristic that the economy is not in the long-run equilibrium because
Example of good with high switching cost : Which of the following is an example of a good with a high switching cost?
An accommodating policy response to a supply shock : An accommodating policy response to a supply shock
An accommodating policy response to supply shock : An accommodating policy response to a supply shock
The wage on her moonlighing job rises : Barbara earns $10 per hour at ther regular job, where her maximum daily shift is 8 hours. If she wants to earn more (moonlight), she can work as many hours as she wants at $5 an hour. Initially, she works exactly 8 hours per day. Then the wage on her..
Think a firm would pay its managers above-market wages : Henry Ford famously paid his workers more than the market wage. In 1914 he told his board of directors that he wanted to pay $3 a day when the going wage was $2.20. One of the board members snidely asked why not pay $4 or $5 a day; Why do you think t..
Plaintiff shipped to defendant-risk of loss : Plaintiff shipped to Defendant—Pizza Pride Inc. of Jamestown, North Carolina—an order of mozzarella cheese totaling $11,000. Plaintiff, a manufacturer of men’s clothing in Los Angeles, contracted to sell a variety of clothing items to Defendant, Harr..
Assume that consumers have convex indifference curves : Suppose that in 1990, the price of bread was $2 per loaf and the price of milk was $1 per gallon. By 2000, the price of brad rises to $3 per loaf, and the price of milk rises to $2 per gallon. Assume that consumers have convex indifference curves, an..

Reviews

Write a Review

Business Economics Questions & Answers

  Incentive plans mean

Incentive plans mean that:

  What rate of return will it realize

Bessimer Electronics manufactures addressable actuators in one of its Maquiladora plants in Mexico. The company believes that by investing $24,000 each year in years 1, 2, and 3, it will avoid spending $87,360 in year 3. If the company does make the ..

  Marginal benefit exceed the marginal cost

The behavior of almost everyone indicates that people believe they will be better off if they earn a larger income, because a larger income means the ability to acquire more of what they want almost, but not quite, without regard to what it is that t..

  Evalute the current macroeconomic situation and its impact

Based on the collected data, evalute the current macroeconomic situation and its impact on Walmart and Starbucks.

  Firms in a monopolistically competitive market collude

Even if the firms in a monopolistically competitive market collude successfully and fix price, economic profit will still be competed away if there is unrestricted entry. Do you agree with this statement? Support your answer. Will price be higher or ..

  Level of total deposits the banking system can create

If the reserve ratio set by the Federal Reserve is 20% then what is the deposit multiplier? Your answer is-----. If the initial total reserves were 200 what level of total deposits the banking system can create? (Assume it is the simple banking syste..

  Assignment on concepts of positive and normative economics

Given the current pressures on China, Jamaica, and America expressed in the article, how would ethics play a role in decision making for financial, environmental, and cultural issues

  Gross domestic product measures the value of marketed goods

Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country during a given period of time. Is the GDP measure underestimating or overestimating national production and total income in the economy? Why? What are t..

  Illustrate what is the marketing concept recognizes

Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.

  Q1 please construct a 150-2000 word response to the

q1. please construct a 150-2000 word response to the following topicquestions as it relates to the recent atampt and

  Workers marginal product

If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal produ..

  Q1 explain why each of the following statements is true

q1. explain why each of the following statements is true false or uncertain according to economic principles.suppose

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd