don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote

45. Which is not an opportunity cost of paid employment? a. Education b. Leisure c. Wages d. Household production e. Self-employment 46. If the demand for labor is relatively wage elastic, an increase in labor supply will lead to... a. a large decline in wages. b. a small decline in wages. c. a large decline in employment. d. a small decline in employment. e. no change in wages or employment. Refer to the graph below for Question 47. The Market for Nurses Wage+ 47. Referring to the graph above, an increase in the demand for nurses will... a) shift the labor supply curve for nurses to the right. b) shift the labor supply curve for nurses to the left. c) increase wages and increase employment. d) increase wages and decrease employment. e) decrease wages and decrease employment. 14 48. As described in the text, in the traditional model of labor supply individuals allocate their time between... a. leisure and consumption. b. leisure and paid work. Activate Window c. paid work and consumption. d. paid work and unpaid work Go to Settings to activ e. paid work, unpaid work, and leisure