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Question

Which of the following is ?​   a.  ​A person's wage or salary is his or her opportunity cost of leisure.

true

 

b. 

​Any time that is spent working for a paid job is known as the time spent in leisure.

 

c. 

​An individual's decision to work in a low paying job or a high paying job is known as the labor-leisure tradeoff.

 

d. 

​A person who works more also always get to enjoy more leisure time.

 

e. 

​If an individual labor supply curve bends backward at some high wage, then the market supply curve also bends backward.

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Subject: Business, Economics
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