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All Else Equal, Relative to a Person Who Earns Minimum

Question 98

Multiple Choice

All else equal, relative to a person who earns minimum wage, a person who earns $30 per hour has:


A) a higher opportunity cost of working an additional hour.
B) a higher opportunity cost of taking the day off work.
C) a lower opportunity cost of driving farther to work.
D) the same opportunity cost of spending time on leisure activities.

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