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BrendanOO7 BrendanOO7
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6 years ago
The opportunity cost of leisure
A) is the wage that one could earn by working an additional hour.
B) is the amount of income that would be necessary to hold an individual's utility level constant were they to work an additional hour (that is, give up an hour of leisure time).
C) is equivalent to the individual's non-labor income.
D) is directly related to the individual's level of leisure consumption per time period.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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ShadiasShadias
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6 years ago
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BrendanOO7 Author
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6 years ago
You make an excellent tutor!
DragonHeart
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Correct Slight Smile TY
lubennick
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Thanks
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