The number of hours that a worker is willing to work is determined by the trade-off between the increasing
A) Total utility of income and the decreasing marginal utility of leisure.
B) Marginal utility of leisure and the decreasing marginal utility of income.
C) Total utility of leisure and the decreasing total utility of income.
D) Marginal utility of both income and leisure.

Question

Quizplus · Accepted Answer

The Answer of The number of hours that a worker is willing to work is determined by the trade-off between the increasing
A) Total utility of income and the decreasing marginal utility of leisure.
B) Marginal utility of leisure and the decreasing marginal utility of income.
C) Total utility of leisure and the decreasing total utility of income.
D) Marginal utility of both income and leisure.

The Number of Hours That a Worker Is Willing to Work