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Which of the following does the reservation wage reflect? (This is in general, not just for Joni.) a. The opportunity cost of the first hour
Which of the following does the reservation wage reflect? (This is in general, not just for Joni.) a. The opportunity cost of the first hour or work b. Themarketwage c. Themarginalrateofsubstitutionattheoptimalchoice d. Thevalueoftheendowment e. The highest wage at which a person will work
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Survey Of Economics
Authors: Irvin B. Tucker
10th Edition
133711152X, 978-1337111522
