If we move to the right along the upward-sloping labor supply curve,we observe that the cost of labor

Question

Quizplus · Accepted Answer

As we move to the right along the upward-sloping labor supply curve, we observe that the opportunity cost of leisure increases. This means that workers have to give up more leisure time in order to work more hours, and therefore the cost of labor increases. Therefore, the correct choice is A, where the cost of labor increases due to increasing opportunity cost.

If We Move to the Right Along the Upward-Sloping Labor