The Reservation Wage Is Defined As

question 30

Multiple Choice

The reservation wage is defined as:

• A) the wage rate at which zero hours of labour is supplied by the workers.
• B) the minimum wage that an employee is willing to accept for a given job.
• C) the equilibrium wage.
• D) the wage of the reservation clerk in the tourism industry.
• E) the maximum wage that an employer is willing to pay a worker for a given job.

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