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A)At 13 Hours of Leisure and Income of $45

Question 95

Multiple Choice

  A) At 13 hours of leisure and income of $45.19, the worker earns a wage of $4.17 an hour. B) The labor supply curve is downward sloping.(True Answer ) Correct C) The substitution effect dominates the income effect. D) This worker chooses to work more hours if paid higher wages.


A) At 13 hours of leisure and income of $45.19, the worker earns a wage of $4.17 an hour.
B) The labor supply curve is downward sloping.(True Answer ) Correct
C) The substitution effect dominates the income effect.
D) This worker chooses to work more hours if paid higher wages.

Correct Answer:

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