Question and answer
According to economist Colin Camerer of the California Institute of Technology, many New York taxi drivers decide when to finish work by setting an income goal for themselves. If this is true, then
on busy days when the effective hourly wage is higher, taxi drivers will A. work the same number of hours as they will on slower days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours
Answer is B. work fewer hours than they will on slower days
Get an answer
Original conversation
User: According to economist Colin Camerer of the California Institute of Technology, many New York taxi drivers decide when to finish work by setting an income goal for themselves. If this is true, then on busy days when the effective hourly wage is higher, taxi drivers will A. work the same number of hours as they will on slower days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours

Weegy: Answer is B. work fewer hours than they will on slower days
lovefallen|Points 1095|

User: A firm's demand for labor is derived from the A. opportunity costs associated with labor and leisure B. desires and needs of the entrepreneur C. cost of labor inputs D. demand for its output

Weegy: A firm's demand for labor is derived from D. demand for its output.



User: Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional $75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day A. is $0 because Owen does not have to purchase another van B. is $5 C. is $75 D. cannot be calculated without knowing Owen's total fixed costs

Weegy: D. cannot be calculated without knowing Owen's total fixed costs
may100|Points 529|

User: If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. some firms would find out about it, but others would not





Weegy: A. other firms would find out about it eventually
Expert answered|Polio123|Points 84|



Question
Asked 7/1/2012 2:14:36 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar. B. Because people have essentially the same basic needs wherever they live, they tend to buy the same bundle of goods. C. Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the US to import all goods at one price. D. Because their countries have similar institutions, ...
Weegy: Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar (More)
Question
Expert Answered
Updated 7/1/2012 3:55:49 PM
1 Answer/Comment
An example of the law of one price is: D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
The law of one price is an economic law stated as: "In an efficient market, all identical goods must have only one price."
Added 7/1/2012 3:55:51 PM
This answer has been added to the Weegy Knowledgebase
Rated good by server999
25,041,175 questions answered
Popular Conversations
Which of these transition words indicates ...
5/3/2016 9:14:35 AM| 2 Answers
product. (a 2 b 3)4
5/3/2016 11:25:38 AM| 2 Answers
All of the following statements about John Rolfe are true, ...
Weegy: Nathaniel Bacon was a governor of the colony of Virginia. User: In which of the following colonies did the ...
5/3/2016 11:51:19 AM| 2 Answers
What is the purpose of an action plan?
5/3/2016 11:58:11 AM| 2 Answers
Symbolism is defined as the
5/3/2016 12:09:59 PM| 2 Answers
Weegy Stuff
S
Points 191 [Total 191] Ratings 8 Comments 111 Invitations 0 Online
S
Points 140 [Total 140] Ratings 2 Comments 110 Invitations 1 Online
S
1
L
L
P
R
P
L
P
P
R
Points 108 [Total 12360] Ratings 1 Comments 98 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 19 [Total 164] Ratings 0 Comments 19 Invitations 0 Offline
S
L
P
P
P
Points 15 [Total 3392] Ratings 0 Comments 15 Invitations 0 Offline
S
L
P
Points 14 [Total 1179] Ratings 0 Comments 14 Invitations 0 Offline
S
R
Points 10 [Total 732] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.