Solved

Roxanne's Hourly Wage Increases from $9 to $13

Question 27

Multiple Choice

Roxanne's hourly wage increases from $9 to $13. Which of the following describes a consequence of the increase in Roxanne's wage?


A) The opportunity cost of Roxanne's leisure time has increased.
B) Roxanne may choose to work fewer hours due to the increase in her wage.
C) If Roxanne's labor supply curve is upward sloping, she will choose to work fewer hours.
D) Both a and b are correct.

Correct Answer:

verifed

Verified

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

Related Questions

Q16: Table 18-4<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Table 18-4 ​

Q23: Table 18-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 18-10

Q24: Figure 18-2<br>The figure below shows the production

Q25: The basic tools of supply and demand

Q26: Table 18-B<br>Consider the following daily production data

Q28: Most of the total income earned in

Q29: Suppose that the labor market for life

Q31: Table 18-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 18-5

Q32: The equilibrium rental income paid to the

Q96: What happens to the labor supply curves