We think about the cost of supplying labor as the:

Name: We think about the cost of supplying labor as the:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of supplying labor is the opportunity cost of the individual's time because when an individual decides to supply labor, they are forgoing the opportunity to use that time for other activities. This includes not only the wage they could have earned elsewhere, but also any non-monetary benefits they may be giving up, such as leisure time or the opportunity to pursue another job or career.

We Think About the Cost of Supplying Labor as The