If You Have an Increasing Marginal Utility for Leisure, Then

question 58

Multiple Choice

If you have an increasing marginal utility for leisure, then as you work more to make greater income, your

• A) Total utility for leisure decreases.
• B) Marginal utility for income decreases.
• C) Marginal utility of income varies positively with the money you earn.
• D) Marginal revenue product decreases.

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Definitions:

Genes

Units of heredity made up of DNA that code for the synthesis of proteins responsible for the organism's characteristics and functions.

Chromosome

A long DNA molecule with part or all of the genetic material of an organism.

Polygenic Inheritance

The inheritance of traits controlled by two or more genes, resulting in a wide range of phenotypes for certain characteristics.

Independent Pairs

A concept in statistics referring to pairs of observations that are not influenced by any of the other pairs in a data set.