Answered

Experience the power of community-driven knowledge on IDNLearn.com. Our experts are available to provide in-depth and trustworthy answers to any questions you may have.

1.2. What are five foundations of economics?Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage.Fill in the blanks to complete the passage describing Eleanor’s situation.

Sagot :

Azikennamdiidn

Answer:

There is a connection between work and the incentive to work.

The more incentive we have to work, the more work we get done. One of the incentives that we have to work is wages or money.

With the increase in the hourly wage, Eleanor will now weigh how much she would gain or lose in wages every time she chooses to work or not. In order words, the opportunity cost of reading at home. The more time she spends reading rather than working, the more money she loses.

Cheers

Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.