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labor,supplies,wages are example of?​

Sagot :

ANSWER:

Wages paid to workers. Workers are the people who are producing the material and directly associated with production activity. Such wages is a direct expenses.

When wages increase, the opportunity cost of leisure increases and people supply more labor. Interestingly, this is not always the case! At higher wages, the marginal benefit of higher wages becomes lower and when it drops below the marginal benefit of leisure, people switch to more leisure and less labor.