Your next door neighbor offers to pay you to babysit. She offers you $7 an hour. You turn down the offer as you think you need at least $8 per hour. What is your reservation wage?(1 point) Responses It depends on what state you live in. It depends on what state you live in. $7.25. Reservation wage is the same as minimum wage $7.25. Reservation wage is the same as minimum wage $8 $8 $7

.00. Reservation wage is the lowest wage you are willing to accept for a job. In this scenario, the reservation wage is $8.