If a Firm Offers to Pay a Worker $10 for Each

question 145

Multiple Choice

If a firm offers to pay a worker $10 for each hour of leisure the worker gives up,the $10 implies the:

• A) marginal rate of substitution between leisure and income.
• B) market rate of substitution between leisure and income.
• C) market rate of transformation between leisure and income.
• D) marginal rate of transformation between leisure and income.

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