Multiple Choice
The time constraint for the consumer is
A) the amount of time for decision making.
B) expressed as leisure time - time spent working = total time available.
C) expressed as leisure time - sleep time = time spent working.
D) expressed as leisure time + time spent working = total time available.
Correct Answer:

Verified
Correct Answer:
Verified
Q46: The utility function captures<br>A) how consumers interact.<br>B)
Q47: A consumer's real disposable income equals<br>A) wage
Q48: A pure positive income shock leads to<br>A)
Q49: A static decision is one that<br>A) is
Q50: Which of the following is false?<br>A) a
Q52: An increase in taxes has the following
Q53: The optimal consumption bundle is the point
Q54: When consumption and leisure are both normal
Q55: In macroeconomic analysis,the representative consumer<br>A) denotes the
Q56: The questions below deal with the Gizmo