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Which of the following is a reason that some economists do not agree with the concept of a labor-leisure tradeoff? Group of answer choices Wages
Which of the following is a reason that some economists do not agree with the concept of a labor-leisure tradeoff? Group of answer choices Wages are paid in dollars and leisure is measured in time, hence there is no way to compare the two. Some people do not work at all, so there is no labor-leisure tradeoff for those individuals. An increase in the wage rate always leads to an increase in the supply of labor hours, therefore the workers do not think of choosing leisure over labor. In the long-run, the supply of labor hours is perfectly inelastic. On a day-to-day basis, most jobs do not have the flexibility to allow people to weigh the benefits and costs to determine how much they should work that day
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