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Scenario 14.1 A Worker in Firm a Earns an Income of $5,000

Question 7

Multiple Choice

Scenario 14.1
A worker in Firm A earns an income of $5,000 per month. He has been offered a job in Firm B where he will be paid a salary of $7,000 per month.
-Which of the following is true?​


A) ​A person's wage or salary is his or her opportunity cost of leisure.
B) ​Any time that is spent working for a paid job is known as the time spent in leisure.
C) ​An individual's decision to work in a low paying job or a high paying job is known as the labor-leisure tradeoff.
D) ​A person who works more also always get to enjoy more leisure time.
E) ​If an individual labor supply curve bends backward at some high wage, then the market supply curve also bends backward.

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