Multiple Choice
Fiona's hourly wage decreases from $10 to $8. Which of the following describes a consequence of the decrease in Fiona's wage?
A) The opportunity cost of Fiona's leisure time has decreased.
B) Fiona may choose to work more hours due to the decrease in her wage.
C) Fiona may choose to work fewer hours due to the decrease in her wage.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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