Solved

Janie Decides to Give Up Her $200,000 a Year Job

Question 63

Multiple Choice

Janie decides to give up her $200,000 a year job as the producer of the most popular television news show in Seattle in order to cultivate and sell orchids, which she anticipates will yield her an annual income of $30,000. To an economist,


A) she may be mother earth, but she's not making a rational economic decision
B) it is impossible to comment on her decision because we can't engage in interpersonal
Comparisons of utility
C) her total utility will fall
D) there is no doubt that the utility she gains from working with orchids must be greater
Than the utility she gains working as a television producer
E) it is clear that working has a negative utility for her

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions