The Supply of Labor Curve Has a ________ Slope Because

question 5

Multiple Choice

The supply of labor curve has a ________ slope because as the real wage rate rises,________.

• A)negative;firms hire fewer workers
• B)positive;the opportunity cost of leisure rises
• C)positive;the opportunity cost of leisure falls
• D)negative;households work more hours
• E)positive;firms offer more jobs

---

Definitions:

Timesharing Computer System

A computing system that allows multiple users to access the computer resources concurrently, giving each user a portion of the time.

Cumulative Poisson Probability Table

A table that provides the probability that a Poisson-distributed random variable is less than or equal to a specific value.

Misprints

Errors or mistakes in printed material, often resulting from the printing process itself.

Pages

Refers typically to individual sheets or digital screens of content within a document, book, website, or software application, though not a statistical term.