Fiona's Hourly Wage Increases from $8 to $10

question 349

Multiple Choice

Fiona's hourly wage increases from $8 to $10. Which of the following describes a consequence of the increase in Fiona's wage?

• A)The opportunity cost of Fiona's leisure time has decreased.
• B)Fiona may choose to work fewer hours due to the increase in her wage.
• C)If Fiona's labor supply curve is upward sloping, she will choose to work fewer hours.
• D)Both a and b are correct.

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Definitions:

Dizygotic

Refers to twins that are fraternal, meaning they developed from two different eggs fertilized by two different sperm, resulting in genetically distinct siblings.

Monozygotic

Relating to twins who have developed from a single fertilized ovum, making them genetically identical.

Gamete-Specific

Refers to characteristics or factors that are unique to a particular type of gamete, such as sperm or ova, influencing fertilization and reproductive processes.

Phenotype

An observable trait; the trait that actually is seen.