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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
A person's reservation wage is
A) the wage rate at which their labor supply curve starts to bend backwards.
B) the lowest wage for which they are willing to accept a job.
C) the wage rate they receive if they work a standard 40-hour week rather than working overtime.
D) the minimum wage set by the government.
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kingbykingby
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#1
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Posts: 3218
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8 years ago
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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