Daniel had been earning $72 per hour and working 45 hours per week. then daniel's wage changes to $64 per hour, and as a result, he now works 40 hours per week.
what can we conclude from this information about the income effect and the substitution effect of a wage change for daniel?

the substitution effect causes daniel to devote (1) time to working, the income effect causes daniel to devote ( time to working, and the substitution effect is ( the income effect.

1.) the substitution effect causes daniel to devote time to

a. the same amount of time
b. more
c. less

2.) income effect causes daniel to devote time to

a. more
b. the same amount of
c. less

3.) substitution effect is ( the income effect.

a. smaller than
b. larger than
c. the same size as

Allen's office department manufactures computer desks in its​ moosejaw, saskatchewan, plant. the company uses activity based costing to allocate all manufacturing conversion costs​ (direct labour and manufacturing​ overhead). its activities and related data​ follow: ​(click the icon to view the activity areas and related​ data.) requirements 1. compute the​ per-unit manufacturing product cost of standard desks and unpainted desks. 2. premanufacturing​ activities, such as product​ design, were assigned to the standard desks at $ 5 each and to the unpainted desks at $ 2 each. similar analyses were conducted of postmanufacturing​ activities, such as​ distribution, marketing, and customer service. the postmanufacturing costs were $ 31 per standard and $ 26 per unpainted desk. compute the full product costs per desk. 3. which product costs are reported in the external financial​ statements? which costs are used for management decision​ making? explain the difference. 4. what price should allen's managers set for standard desks to earn a $ 52 profit per​ desk?