If George treats home time as normal good and he receives gift money of $10,000 from his family,suppose his hourly wage working as a electrician stays the same,what will mostly likely to happen?
A) George will work less hours.
B) George will work more hours.
C) George will work the same amount.
D) We cannot predict George's reaction.

Question

Quizplus · Accepted Answer

Since George receives a gift of money, he may value his leisure time more and therefore choose to work less hours. This is because, with the additional money, he doesn't need to work as many hours to meet his financial needs.

If George Treats Home Time as Normal Good and He