Question: 2.After learning about the rule for maximizing utility, do you think you can (or will) apply this to your own consumption decisions? Why, and how?

2.After learning about the "rule for maximizing utility," do you think you can (or will) apply this to your own consumption decisions? Why, and how?

3.The labor-leisure budget constraint is introduced in this chapter, which is a visual way to understand the labor vs. leisure decision-making process for individuals or households. Do you think an increase in your income would lead you to increase your hours of labor, or leisure?Would the amount of your "raise" influence your decision? Please explain.

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