Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

In the diagram, S1 shows one worker’s labour supply curve. What might lead the curve to move from S1 to S2?

  • Aa decrease in the hourly wage rate
  • Ba decrease in work satisfaction
  • Ca decrease in the opportunity cost of leisure
  • Da decreased preference for leisure

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