Reduction in the wage causes opportunity cost of vacation

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Reference no: EM13831852

1. In the hedonic pricing model of job risk, steep indifference curves indicate:

A. a higher level of risk aversion.

B. a lower level of risk aversion.

C. that the cost of risk reduction is relatively low.

D. None of the above is correct.

2. A reduction in the wage causes the opportunity cost of a vacation to the Bahamas to:

A. rise.

B. fall.

C. remain unchanged.

D. None of the above is correct.

Reference no: EM13831852

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