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    Exam 18: Markets for Factors of Production
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    The Reservation Wage Is the
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The Reservation Wage Is the

Question 24

Question 24

Multiple Choice

The reservation wage is the


A) highest wage for which a person is willing to supply labor.
B) lowest wage for which a person is willing to supply labor.
C) wage for which a person is willing to work full time.
D) wage for which a person is willing to work overtime.

Correct Answer:

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