Lisa is currently not employed. She places a value of $12 an hour on her time in nonmarket activities. If Lisa is offered a job paying $17 an hour,
A) she should supply 0 hours in the labor market and allocate all of her time to nonmarket activities.
B) she should supply a positive number of hours in the labor market and allocate no time to nonmarket activities.
C) she should supply a positive number of hours in the labor market and to nonmarket activities.
D) she is indifferent between supplying hours to the labor market and using her time in nonmarket activities.
Correct Answer:
Verified
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