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Suppose Earnings Are Given by E = $50 + $20(24

Question 136

Multiple Choice

Suppose earnings are given by E = $50 + $20(24 − L) ,where E is earnings and L is the hours of leisure.What is the price to the worker of consuming an additional hour of leisure?


A) $30
B) $26
C) $24
D) $20

Correct Answer:

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