As more hours are worked, the marginal utility of leisure time tends to
A. Decrease.
B. Stay the same.
C. Increase.
D. Decrease initially, but then increase.
Answer: C
You might also like to view...
When money is used to express the value of goods and? services, it is functioning as a
A) medium of exchange. B) store of value. C) store of purchasing power. D) unit of account.
A bank's net interest margin is calculated by taking net interest income and:
A. dividing it by the bank's assets. B. dividing it by the bank's capital. C. dividing it by the sum of the bank's assets and capital. D. subtracting taxes.
Refer to the information provided in Figure 26.4 below to answer the question(s) that follow.
Figure 26.4Refer to Figure 26.4. Suppose the economy is at Point A, an oil price decrease could move the economy to Point
A. E. B. B. C. C. D. D.
The idea of the ________ is that people make lifetime consumption plans.
A. law of demand B. life-cycle theory of consumption C. classical theory of investment D. invisible hand