Workers' indifference curves for wage rates versus benefits will be
A) downward sloping.
B) upward sloping.
C) downward sloping and concave.
D) upward sloping and convex.

Question

Quizplus · Accepted Answer

Indifference curves for wage rates versus benefits are downward sloping because as the wage rate increases, workers are willing to give up some benefits for higher wages, and vice versa, indicating a trade-off between the two.

Workers' Indifference Curves for Wage Rates Versus Benefits Will Be