An Upward-Sloping Supply Curve of Labor Reflects The

question 69

Multiple Choice

An upward-sloping supply curve of labor reflects the:

• A) Increasing opportunity cost of labor.
• B) Increasing marginal utility of income as a person works more hours.
• C) Increasing quantity supplied of labor as prices fall.
• D) Decreasing marginal cost of labor as a firm hires more workers.

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