To Maximize Utility, an Individual Should Allocate Time So That

question 144

True/False

To maximize utility, an individual should allocate time so that the marginal utility of the earnings from an hour spent working is equal to the marginal utility of an additional hour of leisure.

---

Definitions:

Alert

A state of active attention and readiness to respond to potential threats or important occurrences.

Prefrontal Cortex

The front part of the frontal lobe of the brain, involved in complex behaviors including planning, decision making, moderating social behavior, and expressing personality.

Activation

The process of stimulating an action or behavior; in psychology, it refers to the arousal of the nervous system prompting mental and physical responses.

Delight

A high degree of pleasure or enjoyment; joy.