Solution Found!
Who has a greater opportunity cost of enjoying leisure—a janitor or a surgeon? a. the janitor because his wage is lower b. the surgeon because his wage is higher c. whoever has the greater income effect d. whoever has the greater substitution effect
Chapter 18, Problem 4(choose chapter or problem)
Who has a greater opportunity cost of enjoying leisure—a janitor or a surgeon?
a. the janitor because his wage is lower
b. the surgeon because his wage is higher
c. whoever has the greater income effect
d. whoever has the greater substitution effect
Questions & Answers
QUESTION:
Who has a greater opportunity cost of enjoying leisure—a janitor or a surgeon?
a. the janitor because his wage is lower
b. the surgeon because his wage is higher
c. whoever has the greater income effect
d. whoever has the greater substitution effect
ANSWER:Step 1 of 2
Who has a greater opportunity cost of enjoying leisure—a janitor or a surgeon?
a. the janitor because his wage is lower
b. the surgeon because his wage is higher
c. whoever has the greater income effect
d. whoever has the greater substitution effect