The slope of a wage-fringe indifference curve reflects:
A) the overall utility level of a person
B) a worker's willingness to give up an extra dollar of wages in exchange for an extra dollar of fringe benefits
C) the firm's cost of paying an extra dollar of compensation as wages rather than fringe benefits
D) an increasing marginal rate of substitution of fringe benefits for cash
Correct Answer:
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Q12: The slope of a wage-fringe isoprofit curve
Q13: refer to the diagram below. All points
Q14: "Total compensation" includes:
A)Wages and salaries and all
Q15: Which one of the following is not
Q16: refer to the diagram below. All points
Q18: Because there is a _ marginal rate
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Q20: An individual wage-fringe isoprofit line shows:
A)combinations of
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