Figure 18-3 The Figure Shows a Particular Profit-Maximizing, Competitive Firm's Value-Of-Marginal-Product (VMP)

Multiple Choice

Figure 18-3
The figure shows a particular profit-maximizing, competitive firm's value-of-marginal-product (VMP) curve. ​
-Fiona's hourly wage increases from $8 to $10. Which of the following describes a consequence of the increase in Fiona's wage?

A) The opportunity cost of Fiona's leisure time has decreased.
B) Fiona may choose to work fewer hours due to the increase in her wage.
C) If Fiona's labor supply curve is upward sloping, she will choose to work fewer hours.
D) If Fiona's labor supply curve is backward bending, she will choose to work more hours.