In the indifference curve-budget line model of labor supply, the slope of the indifference curves is used to measure
a. the wage rate.
b. labor's marginal product.
c. the worker's nonlabor income.
d. the marginal value of leisure.
d. the marginal value of leisure.
Economics
You might also like to view...
Comparing nominal GDP of 2012 to nominal GDP of twenty years ago
A) is an inaccurate measure of the change in total production. B) has no economic meaning. C) will be an accurate measure of the change in total production. D) determines the extent to which the cost of living changed. E) cannot be done because the two GDP measures use different prices.
Economics
A work stoppage by a union in solidarity with another union's cause is known as a
A) secondary boycott. B) sympathy strike. C) jurisdictional dispute. D) primary boycott.
Economics