Consider a Firm Composed of 5 Workers,each with a Utility

question 7

Multiple Choice

Consider a firm composed of 5 workers,each with a utility function of the form ,where l is hours worked and w is the wage.Suppose the firm can monitor the number of hours worked by each worker and pays them Per hour.How many hours will each worker choose to work?

• A)2 hours
• B)4 hours
• C)8 hours
• D)10 hours

---

Definitions:

Generalised Anxiety Disorder

A condition characterized by persistent and excessive worry about various aspects of life, often without a clear cause.

Conversion Disorder

A mental condition where a person has blindness, paralysis, or other neurological symptoms that cannot be explained by medical evaluation.

Paranoid Disorder

A mental health condition characterized by persistent, irrational feelings of suspicion and mistrust towards others, without sufficient basis.

Dissociative Disorder

A mental health condition involving a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.