The consumer's work-leisure choice problem focuses on how a consumer's work-leisure decision is affected by the consumer's
A) preferences and productivity.
B) productivity and psychology.
C) psychology and preferences.
D) preferences and constraints.
E) Preferences and psychology.

Question

Quizplus · Accepted Answer

The consumer's work-leisure choice problem involves balancing preferences and constraints. The consumer needs to consider their preferences for leisure time and income, as well as any constraints like their work schedule or wage rate. Productivity and psychology may play a role in the decision but are not the primary factors driving the choice.

The Consumer's Work-Leisure Choice Problem Focuses on How a Consumer's