The Explanation for the Upward Sloping Supply of Labor Curve

question 18

Multiple Choice

The explanation for the upward sloping supply of labor curve is that:

• A)the marginal product of capital is positive.
• B)as the wage rises the opportunity cost of leisure rises,so people work more.
• C)as the wage rises,people want to work less.
• D)the marginal product of labor is diminishing.
• E)None of the above is correct.

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