Gabriella Often Faces a Trade-Off Between Time at the Beach

question 156

Multiple Choice

Gabriella often faces a trade-off between time at the beach and time working as a model. She earns $40 per hour as a model and values going to the beach at the same price. When explaining this to her parents, she says, "The marginal utility per hour working is the same as the marginal utility per hour of going to the beach." This is an illustration of:

• A) indifference curves.
• B) the substitution effect.
• C) the income effect.
• D) optimal time allocation.

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Definitions:

Dwarf

Refers to an organism, object, or being that is significantly smaller than the typical size for its species or type.

Homozygous Varieties

Organisms that have two identical alleles for a specific trait, resulting in a uniform expression of that trait.

Dominant

Referring to an allele or a gene that expresses its phenotype even when heterozygous with a recessive allele.

Offspring

The biological children or descendants of organisms, resulting from reproduction.