In Allocating Time Between Competing Uses

question 54

Multiple Choice

In allocating time between competing uses,

• A)an individual will try to maximize marginal utility per hour spent on one activity
• B)time is considered a free good
• C)an individual will try to equate marginal utilities per hour spent on each activity
• D)time can be purchased for cash
• E)an individual will try to equate the marginal utilities derived from each activity

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