Author Question: Abby maximizes utility by allocating time among leisure, market work, and nonmarket work so that the ... (Read 115 times)

mikaylakyoung · **on:** Jun 30, 2018

Abby maximizes utility by allocating time among leisure, market work, and nonmarket work so that the
a. total utility of each is equal
b. average utility of each is equal
c. total utility per hour of each is equal
d. marginal utility per hour of each is equal
e. maximum amount of goods and services can be acquired

Question 2

Poverty is
a. a relative concept
b. an absolute concept
c. more prevalent in North American countries than in other areas
d. an insufficient income level to purchase all necessities
e. the same in all countries