--%>

income effect of a wage increasing

When the income effect of a wage increase is more powerful in that case the substitution effect, the: (1) labor supply curve will be “backward bending.” (2) unemployment rate will rise since more people will be available for work. (3) value of the marginal product will exceed the wage rate. (4) labor force participation rate will increase. (5) firm will hire more workers at higher wages.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Managerial Economics

  • Q : What are the types of business cycle

    What are the types of business cycle?

  • Q : Resources and Products Flow Model I

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The eventual owners of all resources and products in the society are as follows: (i) households. (ii) Firms. (iii) The tax-paying public. (iv

  • Q : Define the term business forecasting

    Define the term business forecasting briefly.

  • Q : Explain opinion of Stonier and Hague

    Illustrates the opinion of Stonier and Hague for explaining Demand in economics?

  • Q : Attributable worth cultivating The

    The theory which the economic rent on agricultural land depends upon how much extra production is gained relative to the production which could be realized on land not rather worth cultivating is attributable to: (1) Johann H. von Thünen. (2) Ada

  • Q : Wage Differentials by Adam Smith Adam

    Adam Smith would have had the greatest complexity in describing income differentials as depends on scarcity and productivity for the case wherein: (1) Holly lives into New York City and is paid more than Devin, who has a same job in K

  • Q : Marginal Productivity Theory The

    The economic theorist most famed for developing marginal productivity theory was: (1) Thorstein Veblen. (2) Karl Marx. (3) Alfred Marshall. (4) John Bates Clark. (5) Vilfredo Pareto. Can someone ex

  • Q : Illustrates the merits of scarcity

    Illustrates the merits of scarcity definition?

  • Q : Conventional theories of the labor

    As per most conventional theories of the labor market, the: (w) supply curve of labor is positively sloped since higher wages attract additional workers in the labor market. (x) firms should contend with increasing returns from additional employment.

  • Q : States the term Demand Analysis States

    States the term Demand Analysis?