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Abby Maximizes Utility by Allocating Time Among Leisure, Market Work

Question 162

Multiple Choice

Abby maximizes utility by allocating 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

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