Wendy's hourly wage decreases from $15 to $12.Which of the following does NOT describe a consequence of the decrease in Wendy's wage?
A) Wendy may choose to work fewer hours due to the decrease in her wage.
B) The opportunity cost of Wendy's leisure time has decreased.
C) Wendy will now see an increase in her opportunity cost of not working.
D) Wendy may choose to work more hours due to the decrease in her wage.
E) Wendy will now have less incentive to leave this employment for other opportunities.
Correct Answer:
Verified
Q30: Refer to the following graphs to answer
Q34: Refer to the following graphs to answer
Q47: Flor's hourly wage increases from $8 to
Q48: When Jane earns more income but still
Q49: Use the accompanying table, which shows the
Q52: For a worker,the opportunity cost of an
Q54: No matter how high his wage rises,Johann
Q55: When people make more money,they sometimes take
Q62: Use the following table,which shows the supply
Q75: Use the following table,which shows the supply
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