Solved

Dimitry Earns $10 an Hour Working at Costco

Question 77

Multiple Choice

Dimitry earns $10 an hour working at Costco. During the school term he works 20 hours a week. In the summer he works 50 hours a week even though his wage is still $10. The explanation is that


A) there has been a fall in the price of a complementary product or service.
B) the marginal opportunity cost of his time is higher during the summer.
C) he expects his wage will be higher in the future.
D) the marginal opportunity cost of his time is lower during the summer.
E) the marginal benefit of the wage is higher in the summer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents