Empirical Studies Suggest That the Responsiveness of Married Working Women's

question 9

Multiple Choice

Empirical studies suggest that the responsiveness of married working women's hours to wage changes is ________ than for men and that they are ________ to enter or leave the labor force due to changes in their wages.

• A) no different; more likely
• B) no different; less likely
• C) greater; more likely
• D) greater; less likely

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Definitions:

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.

Net Income

The amount of money left after subtracting all expenses, taxes, and costs from total revenue.

Variable Cost

A cost that varies depending on the level of output or activity, such as materials or labor costs in manufacturing.

Fixed Cost

A periodic cost that does not vary with production volume or sales.