In making labor supply decisions, households weigh

A) the market wage against the value of market produced goods.
B) the market wage against the value of their marginal product of labor.
C) the market wage against the value of leisure and time spent in unpaid household production.
D) child care costs.

Labor Supply Decisions

The determination by individuals regarding how much they are willing to work, influenced by wages, working conditions, and personal preferences.

Market Wage

The prevailing rate of pay for workers in a specific market, determined by the supply of and demand for labor.

Leisure

Free time available to an individual when not engaged in work or essential activities, often used for relaxation or recreational activities.