Ask Question
14 May, 20:52

When your wages rise, the: 1. opportunity cost of an hour of leisure increases. 2. opportunity cost of an hour of leisure stays the same. 3. opportunity cost of an hour of work decreases. 4. cost of working increases.

+5
Answers (1)
  1. 14 May, 22:08
    0
    Answer: Option 2

    Option 2 is correct because opportunity cost is the monetary loss arising from not taking the the another opportunity. In this case the another opportunity is not working for the company. By enjoying days on leave would cost one hour the same that I earn by working for the company.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When your wages rise, the: 1. opportunity cost of an hour of leisure increases. 2. opportunity cost of an hour of leisure stays the same. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers