Author Question: Leisure is a. not subject to the law of diminishing utility because you can never have enough ... (Read 42 times)

abarnes · **on:** Jun 30, 2018

Leisure is
a. not subject to the law of diminishing utility because you can never have enough leisure time
b. not subject to the law of diminishing utility because you can derive utility only from goods and services
c. subject to the law of diminishing utility, just as the consumption of goods and services is
d. subject to the law of diminishing utility only if it involves the consumption of goods and services
e. not considered in maximizing utility

Question 2

The largest drop in the percentage of families below the poverty level occurred
a. in the 1960s
b. in the 1970s
c. in the 1980s
d. in the early 1990s
e. during the recession of the early 1980s