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Fiona's hourly wage increases from $8 to $10. Which of the following describes a consequence of the increase in Fiona's wage? a. If Fiona's labor
Fiona's hourly wage increases from $8 to $10. Which of the following describes a consequence of the increase in Fiona's wage? a. If Fiona's labor supply curve is backward bending, she will choose to work more hours. b. The opportunity cost of Fiona's leisure time has decreased. c. If Fiona's labor supply curve is upward sloping, she will choose to work fewer hours. d. Fiona may choose to work fewer hours due to the increase in her wage
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