Question on opportunity cost

Reference no: EM1368466

Think about the trade-off between work and leisure during a given day, and from day to day. During a given day, does the opportunity cost of work rise, decline, or remain constant with each additional hour of work? And, if the wage rate remains the same, does the opportunity cost of work vary from day to day, regardless of the day of the year?

Reference no: EM1368466

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