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)

Get Unlimited Answers! Check out our subscriptions
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

Not The Solution You Need? Search for Your Answer Here:

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

Add to cart


Study Tools You Might Need

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back