A college dean has a _____ opportunity cost of _____ than a college student working a minimum-wage job.
A) lower; leisure
B) lower; nonmarket work
C) lower; market work
D) higher; nonmarket work
E) higher; market work
Correct Answer:
Verified
Q1: Individuals achieve maximum utility in the allocation
Q2: Work is an attractive use of your
Q3: Abby maximizes utility by allocating her time
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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