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The workers in a factory currently earn $240 for a 40 hour week. The management offers them a choice between either a 10 perent wage
The workers in a factory currently earn $240 for a 40 hour week. The management offers them a choice between either a 10 perent wage incresase in the weekly wage to $260 along with a reduction time from 40 to 36 hours. Disregarding the value of leisure time, what is the oppurtunity cost to each worker of opting for the 39 hour week.
a) $6
b) $24
c)$20
d) $4
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