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When Labor Suppliers Choose How Much Time to Allocate to Wage

Question 15

Multiple Choice

When labor suppliers choose how much time to allocate to wage labor and to other activities seeking to maximize utility ,their utility is often assumed to be a function of ________.


A) consumption of goods and services
B) time spent in non-labor activities.
C) both consumption of goods and services and time spent in non-labor activities.
D) neither consumption of goods and services nor time spent in non-labor activities.

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