John's reservation wage is $10 per hour. This means that
A) John will not supply labor in the market until he receives a wage of at least $10 per hour.
B) John will supply labor in the market at a wage of $10 and lower.
C) John will work 10 hours per day.
D) John will decrease the hours he works when his wage rate exceeds $10 per hour.
Correct Answer:
Verified
Q102: New technology
A) definitely increases a firm's demand
Q104: Q105: Usually the demand for labor decreases (that Q106: Q107: A worker supplies labor to the market Q108: If Sam decides to work, his Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A) reservation