Multiple Choice
Javon has 80 hours per week to allocate between labor and leisure. Graph hours of leisure per week on the horizontal axis and income per week on the vertical axis. If Javon's hourly wage is $8, then the opportunity cost of an hour of leisure is:
A) $8.
B) $10.
C) $640.
D) $800.
Correct Answer:
Verified
Correct Answer:
Verified
Q103: Firms that engage in discrimination are usually
Q148: Above-equilibrium wages paid by some employers as
Q150: In the labor market,households supply labor and
Q177: Maria operates a persimmon orchard in southeastern
Q218: A profit-maximizing firm will hire workers up
Q328: Which of the following is NOT true
Q329: Use the following to answer questions:<br>Figure: Rita's
Q331: Scott's wage is $25 per hour and
Q332: Which of the following is most likely
Q334: Although horses were once a very important