If Sarah works 8 hours a day,what is the amount she can spend on consumption in one day (assume she also can spend her initial wealth) ?
A) $300
B) $320
C) $620
D) $800
E) $1020
Correct Answer:
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Q6: Which of the following is true about
Q7: Which of the following is true about
Q8: What is Mark's marginal utility of consumption,
Q9: A decrease in an individual's wage causes
Q10: A decrease in an individual's wealth causes
Q12: Which of the following is not a
Q13: As wealth increases,demand for a good decreases.This
Q14: What is Mark's baseline utility?
A) 42 utils
B)
Q15: Which of the following does not limit
Q16: If an individual's wage increases,it is theoretically
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