If an Individual's Labor Supply Curve Is Downward Sloping, This

question 139

Multiple Choice

If an individual's labor supply curve is downward sloping, this indicates that:

• A) the individual has become wealthier.
• B) the income effect dominates the substitution effect.
• C) the substitution effect dominates the income effect.
• D) the individual faces a diminishing marginal utility for leisure.

---

Definitions:

Compressive Strength

The capacity of a material or structure to withstand loads that reduce the size, expressed typically in pounds per square inch (psi) or mega pascals (MPa).

Injection Molding

A technique to manufacture parts by injecting fluid material into a predefined mold.

Capability Index

A statistical measure used to quantify the ability of a process to produce output within specified limits.

Capability Index

A statistical measure of a process's ability to produce output within specified limits.