When Consumption and Leisure Are Both Normal Goods,after an Increase

question 99

Multiple Choice

When consumption and leisure are both normal goods,after an increase in real dividend income minus taxation,the rational consumer

• A) increases consumption and increases labor supply.
• B) increases consumption and reduces labor supply.
• C) reduces consumption and increases labor supply.
• D) reduces consumption and reduces labor supply.

Understand the definition and calculation of confidence intervals for population means.

Recognize the impact of sample size, standard deviation, and confidence level on the margin of error and interval length.

Identify how population distribution characteristics (e.g., Normal distribution, skewness) affect confidence interval estimation.

Apply the concept of margin of error in determining sample size for a desired confidence interval precision.