Roxanne's Hourly Wage Increases from $9 to $13

question 27

Multiple Choice

Roxanne's hourly wage increases from $9 to $13. Which of the following describes a consequence of the increase in Roxanne's wage?

• A)The opportunity cost of Roxanne's leisure time has increased.
• B)Roxanne may choose to work fewer hours due to the increase in her wage.
• C)If Roxanne'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:

Social Experiences

Interactions with others and the environment that contribute to the development of an individual's beliefs, attitudes, and behaviors.

Habituation-Dishabituation

The process by which an organism decreases or stops its response to a repetitive stimulus (habituation) and then increases its response again when the stimulus changes or is new (dishabituation).

Cognitive Abilities

The mental skills that involve the ability to reason, plan, solve problems, think abstractly, and learn.

Addition Problem

A mathematical operation where two or more quantities are combined to make a sum.