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 equation for the worker's opportunity set? (E is total earnings and L is leisure.)
A) E = 100 - 8L
B) E = 192 - 8L
C) E = 292 - 8L
D) None of the statements is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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