The Reservation Wage of Labour Is

Multiple Choice

The reservation wage of labour is

A) the wage below which the labourer will be willing to work.
B) the wage above which the worker would be willing to retire.
C) the wage rate at which the firm would find it profitable to hire labour.
D) the wage rate that makes it necessary for the firm to shut down rather than pay this wage to labour.
E) the wage rate above which the worker would be willing to supply labour to the market.