Multiple Choice
If a person's marginal utility from an additional hour of leisure is less than the marginal utility gained from goods bought with the wages earned from an additional hour of labour,then this person should:
A) continue to work the hours he or she is working.
B) work less since he or she is working more than the optimal number of hours.
C) work more since he or she is working less than the optimal number of hours.
D) quit work since he or she is not earning enough to satisfy his or her time allocation.
Correct Answer:

Verified
Correct Answer:
Verified
Q249: Wage differences across jobs reflecting the fact
Q267: An increase in the market demand for
Q296: In the Canadian labour market,women of all
Q297: Use the following to answer questions
Q298: Suppose that the government increases the child
Q299: Which factor is associated with production at
Q302: In terms of labour supply,the substitution effect
Q303: Use the following to answer questions
Q305: Assume that perfect competition exists in output
Q306: When labour is hired in a competitive