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
17,600,458 questions answered
Popular Conversations
A list of potential sources of information for a paper is a(n) ...
Weegy: A list of potential sources of information for a paper in annotated bibliography. User: An index to ...
9/29/2014 2:50:04 PM| 4 Answers
You've settled on an idea for an essay to write. What should you do ...
Weegy: D.) Conduct interviews, do some research, ask questions, and make a plan. User: To make sure your reader ...
9/29/2014 5:55:28 PM| 4 Answers
What is the square root of 6000?
9/29/2014 2:39:45 PM| 3 Answers
Because the subject of a composition is like a crystal with many ...
Weegy: Because the subject of a composition is like a crystal with many facets, you should A. offer your reader ideas ...
9/29/2014 7:06:34 PM| 3 Answers
The densest ocean water is generally found a. in the surface ...
Weegy: A. in the surface zone User: In which zone is ocean temperature most affected by the weather? a. transition ...
9/30/2014 6:07:25 AM| 3 Answers
The pressure of ocean water increases as depth increases. User: The ...
Weegy: It originates in the Gulf of Mexico and, as the Florida Current, passes through the Straits of Florida and then ...
9/30/2014 6:27:02 AM| 3 Answers
In the Roman Republic, ____________ did not have power in the ...
Weegy: In the Roman Republic,non-citizens did not have power in the government.
9/29/2014 5:48:03 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 3316 [Total 27714]| Ratings 8| Comments 3236| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2951 [Total 9482]| Ratings 12| Comments 2831| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 2732 [Total 18671]| Ratings 18| Comments 2552| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2732 [Total 19904]| Ratings 12| Comments 2612| Invitations 0|Online
S
L
1
1
1
1
L
1
L
Points 2579 [Total 12359]| Ratings 0| Comments 2579| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 956 [Total 12202]| Ratings 0| Comments 956| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 864 [Total 19395]| Ratings 2| Comments 844| Invitations 0|Offline
S
L
Points 733 [Total 1402]| Ratings 0| Comments 733| Invitations 0|Offline
S
1
L
L
Points 634 [Total 5757]| Ratings 4| Comments 594| Invitations 0|Online
S
P
C
L
P
L
1
Points 176 [Total 6233]| Ratings 2| Comments 156| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.