The time constraint for the consumer is
A) the amount of time for decision making.
B) expressed as leisure time - time spent working = total time available.
C) expressed as leisure time - sleep time = time spent working.
D) expressed as leisure time + time spent working = total time available.
E) a result of consumers' busy work schedule.
Correct Answer:
Verified
Q22: Moving down the indifference curve,the marginal rate
Q23: That indifference curves are bowed in toward
Q24: The marginal rate of substitution is defined
Q25: The shape of the indifference curve depends
Q26: The marginal rate of substitution
A) can be
Q28: In a one-period economy
A) consumption equals disposable
Q29: In practice,
A) taxes are not lump sum
Q30: The slope of the indifference curve is
Q31: In a one-period economy,real consumption
A) is always
Q32: The representative consumer acts competitively
A) when he
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