

MCQOPTIONS
Saved Bookmarks
1. |
As the wage rate per hour increases, the opportunity cost of leisure ? |
A. | remains constant |
B. | increases since the cost of forgoing one hour of work increases |
C. | decreases since the customer now has more income to spend |
D. | may increase of decrease depending on the individual’s preferences. |
Answer» C. decreases since the customer now has more income to spend | |