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
$7.25. Reservation wage is the same as minimum wage
$7.25. Reservation wage is the same as minimum wage
$7
$7
$8
$8
It depends on what state you live in.