Mike Is Maximizing Utility by Working 10 Hours a Week

question 77

Multiple Choice

Mike is maximizing utility by working 10 hours a week and studying 10 hours a week. Mike has only 20 hours to devote to either working or studying. If Mike realizes that another hour of studying will improve his grade on an exam, thus raising the utility of another hour of study, Mike will:

• A) study less to raise the marginal utility of studying even more.
• B) work fewer hours, moving him down along his labor supply curve.
• C) work fewer hours, shifting his labor supply curve to the left.
• D) substitute work for studying, raising his total utility.

Distinguish between physical activity and physical fitness and understand how each contributes to health.

Acknowledge the mental health benefits of regular physical activity.

Recognize misconceptions about exercise and dispel myths with evidence-based information.

Understand the key principles of goal setting for physical activity.

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Definitions:

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.

Addictive

Referring to a substance's or activity's capacity to lead to compulsive use, characterized by a dependency that is difficult to control.

Crack

A term often associated with a highly addictive form of cocaine that has been processed to make a rock crystal, which is then heated and smoked.

Cocaine

A potent stimulant drug derived from the leaves of the coca plant, primarily used recreationally for its euphoric effects and medically as a local anesthetic.