Gabriel's wage is $30 per hour, and he works 50 hours a week, which is his optimal labor supply at that wage. His marginal utility of one hour of leisure is equal to the:
A) marginal utility he gets from $30 worth of goods.
B) marginal utility he gets from more than $30 worth of goods.
C) marginal utility he gets from less than $30 worth of goods.
D) substitution effect.
Correct Answer:
Verified
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