True/False
Joanna currently gets $1000 weekly in investment income, and she works 10 hours each week at $50 an hour. Leisure is neither inferior nor a normal good for Joanna. Assume she is free to choose her hours of work. If offered a choice between a 10% increase in her investment income and a 20% increase in her hourly wage, then Joanna will choose the increase in wage.
Correct Answer:
Verified
Correct Answer:
Verified
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