Multiple Choice
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and he can use 24 hours per day.What is the market rate of substitution between leisure and income?
A) $5.
B) $8.
C) $10.
D) none of the statements associated with this question are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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