Which of the following statements is correct? Anindividual worker\'s labor suppl

Question

Which of the following statements is correct? Anindividual worker's labor supply curve a.can never slope downward. b.slopes downward if that person responds to a higher wage bytaking fewer hours of leisure per week c.slopes downward if that person responds to a higheropportunity cost of leisure by working fewer hours per week. d.slopes upward if that person works the same number of hoursper week, regardless of the opportunity cost of leisure. Which of the following statements is correct? Anindividual worker's labor supply curve a.can never slope downward. b.slopes downward if that person responds to a higher wage bytaking fewer hours of leisure per week c.slopes downward if that person responds to a higheropportunity cost of leisure by working fewer hours per week. d.slopes upward if that person works the same number of hoursper week, regardless of the opportunity cost of leisure.

Explanation / Answer

c.slopes downward if that person responds to a higheropportunity cost of leisure by working fewer hours perweek.

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