Multiple Choice
Refer to the following table. If Jane's hourly wage rose from $2 per hour to $4 an hour and Jane had 6 hours to work or play, Jane would:
A) work 4 hours and play 2 hours when her wage is $2/hour but then work 3 hours and play 3 hours when her wage is $4 an hour.
B) work 4 hours and play 2 hours when her wage is $2/hour but then work 6 hours when her wage is $4 an hour.
C) not work at $2 an hour and not play at $6 an hour.
D) not play at either wage.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: If people generally believe that "you get
Q48: The opportunity cost of consuming good A
Q49: If MU<sub>A</sub>/P<sub>A</sub>> MU<sub>B</sub> /P<sub>B</sub>, an individual should
Q50: Refer to the graph shown. Which price
Q51: The slower the marginal utility declines as
Q53: A rational consumer maximizes his or her:<br>A)
Q54: Refer to the graphs shown, which show
Q55: Suppose that a haircut will give Dawn
Q56: The absolute value of the slope of
Q57: The principle of diminishing marginal utility says