All Else Equal, Relative to a Person Who Earns Minimum

question 98

Multiple Choice

All else equal, relative to a person who earns minimum wage, a person who earns $30 per hour has:

• A)a higher opportunity cost of working an additional hour.
• B)a higher opportunity cost of taking the day off work.
• C)a lower opportunity cost of driving farther to work.
• D)the same opportunity cost of spending time on leisure activities.