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 increased.
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) Both b and c are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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