Use the Following to Answer Questions

question 355

Multiple Choice

Use the following to answer questions:
Figure: Income and Leisure Opportunities
-(Figure: Income and Leisure Opportunities) The figure Income and Leisure Opportunities refers to Keisha when she has 100 hours per week for working or leisure. There are two time allocation lines, one for a $10 hourly wage rate and one for a $20 hourly wage rate. Keisha's optimal choice is point A when the wage is $10, and her optimal choice is point C when the wage is $20. As the amount she earns increases from $10 to $20 per hour, Keisha will work _____ hours because of the substitution effect.

• A) 10 fewer
• B) 15 more
• C) 25 fewer
• D) 50 more

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Definitions:

Environment

The surrounding physical, biological, and socioeconomic conditions and factors that influence the growth, development, and survival of organisms and human communities.

Personality

A set of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.

Norms

Unwritten rules and standards that govern the behavior of individuals within a group or society, guiding what is considered acceptable or unacceptable.

Sherif

Muzafer Sherif, a social psychologist known for his work on norm formation, social conformity, and the Robbers Cave Experiment.