An Upward-Sloping Labor Supply Curve Means That

question 571

Multiple Choice

An upward-sloping labor supply curve means that

• A)workers prefer to buy more leisure time when their incomes increase.
• B)workers prefer to supply less labor when wages are high.
• C)an increase in the opportunity cost of leisure leads workers to increase the quantity of labor they supply.
• D)All of the above are correct.

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Definitions:

Maximum Height

The highest point or peak that an object or function reaches.

Horizontal Distance

The measurement of distance between two points along a straight line on the horizontal plane.

Consecutive Odd Integers

A sequence of odd numbers where each number is two more than the previous one.

Product

The result of multiplying two or more numbers together.