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Scott's Wage Is $25 Per Hour and He Works 50

Question 331

Multiple Choice

Scott's wage is $25 per hour and he works 50 hours a week, which is his optimal labor supply. His marginal utility of one hour of leisure is equal to:


A) the marginal utility he gets from $25 worth of goods.
B) the marginal utility he gets from more than $25 worth of goods.
C) the marginal utility he gets from less than $25 worth of goods.
D) the substitution effect.

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