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Question #47867

As the wage rate per hour increases, the opportunity cost of leisure ?

Options:

A) remains constant

B) increases since the cost of forgoing one hour of work increases

C) decreases since the customer now has more income to spend

D) may increase of decrease depending on the individual’s preferences.

Answer: As the wage rate per hour increases, the opportunity cost of leisure increases since the cost of forgoing one hour of work increases.

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