--%>

Occurrence of backward bending supply curve

A backward bending supply curve is more likely to arise for the supply of: (1) labor. (2) land. (3) capital.  (4) tomatoes. (5) leisure.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Managerial Economics

  • Q : Aggregate Supplies of Labor Into the

    Into the short run, the labor supply in an economy based least on: (1) population size and labor force participation rate. (2) individuals’ preferences between leisure and income from work. (3) the demand for labor. (4) rates and structures of w

  • Q : Consumer Interview Survey method of

    Explain the Consumer Interview Survey method of Demand Forecasting.

  • Q : Different between Expert opinion and

    Illustrates the different between expert opinion method and trend projection method?

  • Q : Explain important question regarding

    Illustrates the important question regarding the managerial economics?

  • Q : Explain the steps for demand estimation

    Explain the steps for demand estimation.

  • Q : Differentiate between Private Cost and

    Differentiate between Private Cost and Social Cost.

  • Q : Strategy probable to make a cartel A

    A strategy probable to make a cartel successful would be for cartel members to: (w) give heterogeneous goods. (x) stagger the amount by that they raise prices. (y) have set enforceable production quotas. (z) keep high prices when several fringe compet

  • Q : Price and output decisions in

    Illustrates the price and output decisions in Monopolistic Competition?

  • Q : Explain the term average fixed cost

    Explain the term average fixed cost.

  • Q : Wage rates throughout supply of labor

    For wage rates in between $18 and $21, there the elasticity of Morgan’s supply of labor is: (w) 0.72. (x) one. (y) 1.08. (z) 1.44.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1461276 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1959984
    Asked

    3,689

    Active Tutors

    1461276

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.