57. Aleah is an electrical engineer. Her wage increased from $30 per hour to $40 per hour....
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57. Aleah is an electrical engineer. Her wage increased from $30 per hour to $40 per hour. She can work up to 50 hours each week. The table below shows her utility from different levels of leisure and income. If Aleah decreased her hours of work from 30 to 20 hours per week before her raise, the marginal utility loss from having less income is:
Hours of Leisure | Total Utility from Leisure | Income | Total Utility from Income |
0 | 0 | 0 | 0 |
10 | 29 | 300 | 42 |
20 | 54 | 400 | 74 |
30 | 73 | 600 | 96 |
40 | 86 | 800 | 113 |
50 | 92 | 900 | 119 |
1200 | 122 | ||
1500 | 124 | ||
1600 | 126 | ||
2000 | 127 |
A. 23
B. 56
C. 19
D. 100
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Posted Date: