Along an Upward-Sloping Labor Supply Curve, as the Wage Rate

question 167

Multiple Choice

Along an upward-sloping labor supply curve, as the wage rate increases, the opportunity cost of leisure ________, causing individuals to supply a ________ quantity of labor.

• A)increases; greater
• B)increases; lower
• C)decreases; greater
• D)remains constant, constant

---

Definitions:

Act On Behalf

To take actions or make decisions as a representative or agent for another person or entity.

Duty To Indemnify

It is an obligation to compensate for loss, damage, or liability incurred by another, often specified within a contract.

Suffered While Acting

Experiencing harm or injury in the course of performing duties or actions.

Capacity To Act

The legal ability of a person to enter into contracts and engage in binding agreements.