Multiple Choice
The explanation for the upward sloping supply of labor curve is that:
A) the marginal product of capital is positive
B) as the wage rises, the opportunity cost of leisure rises, so people work more
C) as the wage rises, people want to work less
D) the marginal product of labor is diminishing
E) None of these answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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