The following are all final goods EXCEPT
A) flour used by the baker to make cupcakes.
B) bread eaten by a family for lunch.
C) pencils used by a 6th grader in class.
D) Nike shoes used by a basketball player.
E) a computer used by Intel to design new computer chips.
Question 2
The condition to decide on the optimal amount of leisure is that:
A) the average benefit of leisure should be equal to zero.
B) the total benefit of leisure should be equal to the wage rate.
C) the average benefit of leisure should be equal to the wage rate.
D) the marginal benefit of leisure should be equal to the wage rate.
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