In deciding how many hours to work, Beulah will make a choice that maximizes her _______; that is, she will choose according to her preferences for leisure time and income.

A. budget constraint
B. opportunity set
C. utility
D. production possibilities frontier

The correct answer is c. utility. Beulah wants to make a choice that is profitable as well as not compromising on her leisure time, she wants to make a choice to maximize her UTILITY. Utility means to be profitable and or useful. There is no budget constraint or opportunity cost that she should be concerned about.

Answer Link

In deciding how many hours to work, Beulah will make a choice that maximizes her _______; that is, she will choose according to her preferences for leisure time and income. A. budget constraint B. opportunity set C. utility D. production possibilities frontier

Respuesta :

Otras preguntas

In deciding how many hours to work, Beulah will make a choice that maximizes her _______; that is, she will choose according to her preferences for leisure time and income.

A. budget constraint
B. opportunity set
C. utility
D. production possibilities frontier