Abby maximizes utility by allocating her time among leisure,market work,and nonmarket work so that the _____
A) total utility of each is equal.
B) average utility of each is equal.
C) total utility per hour of each is equal.
D) marginal utility per hour of each is equal.
E) maximum amount of goods and services can be acquired.
Correct Answer:
Verified
Q1: Individuals achieve maximum utility in the allocation
Q2: Work is an attractive use of your
Q4: A college dean has a _ opportunity
Q5: Market work includes activities such as _
A)practicing
Q7: Leisure is _
A)not subject to the law
Q8: People who earn higher market wages _
A)have
Q10: People make mistakes in allocating their time
Q11: People who are more productive in nonmarket
Q30: People who gain greater enjoyment from leisure
Q38: A college student working in a minimum-wage
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