All else equal, relative to a person who earns minimum wage, a person who earns $30 per hour has:
A)a higher opportunity cost of working an additional hour.
B)a higher opportunity cost of taking the day off work.
C)a lower opportunity cost of driving farther to work.
D)the same opportunity cost of spending time on leisure activities.

Question

Quizplus · Accepted Answer

All else equal, giving up a day of work "costs" the person who can earn $30 per hour more than it does someone who earns the minimum wage.

All Else Equal, Relative to a Person Who Earns Minimum