The workers in a factory currently earn $240 for a 40-hour week. The management offers them a choice between either a 10 per cent wage increase or an increase in the weekly wage to $260 along with a reduction from 40 to 39 hours.
Disregarding the value of leisure time, what is the opportunity cost to each worker of opting for the 39-hour week?
$4
2 )
$6
3 )
$20
4 )
$24
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