The slope of the indifference curve at the lower left-hand corner of the income/leisure diagram, where zero hours are supplied to the labour market, is equal to:

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The slope of the indifference curve at the lower left-hand corner of the income/leisure diagram, where zero hours are supplied to the labor market, represents the reservation wage. This is because at this point, the individual is indifferent between working and not working, and the reservation wage is the minimum wage at which they are willing to start working.

The Slope of the Indifference Curve at the Lower Left-Hand