Households labor supply decisions are influenced by all of the following except _______. A. the opportunity cost
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Households’ labor supply decisions are influenced by all of the following except _______.
A. the opportunity cost of taking leisure and not working
B. the after-tax wage rate
C. unemployment benefits
D. the number of full-time jobs available
Opportunity CostOpportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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