Solved

For a Worker,the Opportunity Cost of an Hour of Leisure

Question 203

Multiple Choice

For a worker,the opportunity cost of an hour of leisure


A) rises by $5 when her wage rises by $5 per hour.
B) falls by $5 when her wage rises by $5 per hour.
C) is the same for a corporate chief executive officer as it is for a garbage-collection worker.
D) is determined by factors that are unrelated to her hourly wage.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents