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 involves making a decision based on their preferences and constraints, such as the wage rate, the amount of leisure time available, and other factors that affect their utility. Therefore, the best choice is D - preferences and constraints.

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