3452EconomicsMedium
As the wage rate per hour increases, the opportunity cost of leisure?
Amay increase of decrease depending on the individual’s preferences.
Bincreases since the cost of forgoing one hour of work increases
Cremains constant
Ddecreases since the customer now has more income to spend
Correct answer
B. increases since the cost of forgoing one hour of work increases
Explanation
The correct answer is increases since the cost of forgoing one hour of work increases.