4. The opportunity cost a person "pays" to consume an hour of leisure a. Is the same fortall workers. b. Depends on the
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
4. The opportunity cost a person "pays" to consume an hour of leisure a. Is the same fortall workers. b. Depends on the
4. The opportunity cost a person "pays" to consume an hour of leisure a. Is the same fortall workers. b. Depends on the number of hours worked. c. Is reflected in a worker's earnings forgone d. Increases the more leisure is consumed e. Depends on the person's preferences a 5. If the total number of hours (T) per week for leisure and hours worked is 168 and the wage rate is $10, how much income does a person have for consumption if the number of hours of leisure is 35? Write in the numerical value.