Examlex

Solved

Troy Has a Part-Time Job in a Book Store to Help

question 16

Multiple Choice

Troy has a part-time job in a book store to help pay for his college. He can work up to 30 hours each week at his job, which pays $9 per hour. The table below shows his utility from different levels of leisure and income. Troy currently works 20 hours per week. If he decides to work 30 hours instead, his marginal utility gain from the additional income is ____.
Troy has a part-time job in a book store to help pay for his college. He can work up to 30 hours each week at his job, which pays $9 per hour. The table below shows his utility from different levels of leisure and income. Troy currently works 20 hours per week. If he decides to work 30 hours instead, his marginal utility gain from the additional income is ____.   A)  12 B)  6 C)  3 D)  9


Definitions:

Social Facilitation

The tendency for individuals to perform differently, usually better, when in the presence of others as opposed to when alone.

Well-Learned Tasks

Tasks or activities that have been practiced to the point of requiring little conscious thought, often executed automatically.

Liberal

A political and social philosophy that emphasizes individual freedom, democracy, and the importance of civil rights.

Conservative

A political and social philosophy that promotes retaining traditional social institutions in the context of culture and civilization.

Related Questions