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Author Question: Abby maximizes utility by allocating time among leisure, market work, and nonmarket work so that the ... (Read 133 times)

mikaylakyoung

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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


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meganlapinski

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


mikaylakyoung

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Reply 2 on: Jun 30, 2018
Excellent

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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