A reservation wage is the ?

A. tip necessary to get a waiter to reserve a table

B. minimum wage the worker is willing to accept

C. competitive equilibrium wage.

D. Maximum wage the firm is willing to pay

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.