menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 21
  4. Exam
    Exam 19: Factor Markets and the Distribution of Income
  5. Question
    The Opportunity Cost of an Extra Hour of Leisure Is
Solved

The Opportunity Cost of an Extra Hour of Leisure Is

Question 221

Question 221

Multiple Choice

The opportunity cost of an extra hour of leisure is:


A) $1.
B) the hourly wage rate.
C) the same as the price of money.
D) always less than the value of the marginal product of labour.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: In the past 30 years,the ability of

Q184: According to the marginal productivity theory of

Q219: Which statement describes a compensating differential?<br>A) Tiger

Q222: When wages increase,if the income effect dominates,the

Q223: An efficiency wage is higher than the

Q223: In terms of labour supply,the income effect

Q224: Suppose that the labour market for plumbers

Q225: Use the following to answer questions

Q226: If the wage rate rises,firms will find

Q313: The opportunity cost of an hour of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines