A person who receives time-and-a-half overtime for working more than 8 hours per day will have a ________ which is ________ beyond 8 hours of labor.

Question

Quizplus · Accepted Answer

A budget constraint represents the limits on a person's budget due to their income and price of goods, which is not relevant to this scenario. An indifference curve represents the combinations of two goods (in this case, leisure and income) that yield equal satisfaction to the individual. This is also not relevant to the scenario. However, the fact that the person receiving time-and-a-half overtime will have to work less to achieve the same level of income as someone earning regular pay means that their budget constraint will be steeper, as they have less available hours to work. Therefore, the correct answer is C.

A Person Who Receives Time-And-A-Half Overtime for Working More Than