For a Worker,the Opportunity Cost of an Hour of Leisure

question 99

Multiple Choice

For a worker,the opportunity cost of an hour of leisure:

• A) is determined by factors that are unrelated to his or her hourly wage.
• B) is the same for a corporate chief executive officer as it is for a restaurant waiter.
• C) falls by $10 when his or her wage rises by $10 per hour.
• D) rises by $10 when his or her wage rises by $10 per hour.
• E) depends on the tastes and preferences of the worker.

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Definitions:

Evolutionary Theories

Theories that explain social behavior and societal changes through the lens of Darwinian evolution, focusing on adaptation and survival mechanisms.

Altruism

Actions performed voluntarily with the intention of helping someone else that entail no expectation of receiving a reward or benefit in return (except possibly an internal feeling of having done a good deed for someone).

Support

The act of providing assistance, encouragement, or comfort to others, often in times of need or to help achieve goals.

Confederate

An individual or entity allied with others for a common purpose, often used in historical contexts to refer to states or groups in the American Civil War.