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L) Private = Pelee see Reeli ECN 104 - F2025 - Section O11 NoormanHothi 11/19/259:29PM__ @) Question Completed: 12 of 60 @ Homework: Homework 6 etn My score: 11.55/60 pts (19.25%) ad Minimize list John will continue to consume leisure up to the point at which Bnei rene \" A. the marginal benefit of leisure is equal to the marginal cost. Question | 1/1 pt 8 the wage rate is equal to the marginal cost. the marginal benefit of leisure is equal to the total cost. Text Problem 11 e the wage rate is equal to the total cost. Question | 1/1 pt The substitution effect implies there is a positive relationship between the wage rate and the quantity of labor supplied. While the income effect implies there is an inverse Concept Question11.1.3 relationship between wage rate and the quantity of labor supplied. Question | 1/1 pt @ Which of the following statements is not correct? . O A. The work preference of labor affects the supply curve. Concept Question11.1.4 Question | 0.75/1 pt e@ OB. Atall times an increase in wage increases labor supply. C. An increase in the price of a product increases demand for labor. Concept Question11.1.5 D. Equilibrium is obtained at the intersection of the demand and supply curves. Question | 1/1 pt 9 Concept Question11.1.6 Question | 1/1 pt @ Review Question 5 Question | 1/1 pt eo Review Question 6 Question | 1/1 pt @ Help me solve this Etext pages Grapher