k.ac.uk/mod/quiz/attempt.php.atter QUEST Imagine that you work for 40 hours per week at the wage rate of £10 an hour. Your free hours are defined as the number of hours not spent in work per week, which in Marke this case is P Flag 24 hours x 7 days - 40 hours = 128 hours per week Suppose now that your wage rate has increased by 100%. If you want to keep your total weekly income constant, then: Select one or more: Your total number of hours will fall by 25%. O b. Your total number of hours will fall by 50%. O C. You will work 25 hours per week. O d. Your free time will increase by 25%. PREVIOUS PAGE NE ASUS ZenBook f7 E3 9f OL
k.ac.uk/mod/quiz/attempt.php.atter QUEST Imagine that you work for 40 hours per week at the wage rate of £10 an hour. Your free hours are defined as the number of hours not spent in work per week, which in Marke this case is P Flag 24 hours x 7 days - 40 hours = 128 hours per week Suppose now that your wage rate has increased by 100%. If you want to keep your total weekly income constant, then: Select one or more: Your total number of hours will fall by 25%. O b. Your total number of hours will fall by 50%. O C. You will work 25 hours per week. O d. Your free time will increase by 25%. PREVIOUS PAGE NE ASUS ZenBook f7 E3 9f OL
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:k.ac.uk/mod/quiz/attempt.php.atter
QUEST
Imagine that you work for 40 hours per week at the wage rate of £10 an hour. Your
free hours are defined as the number of hours not spent in work per week, which in
Marke
this case is
P Flag
24 hours x 7 days - 40 hours = 128 hours per week
Suppose now that your wage rate has increased by 100%. If you want to keep your
total weekly income constant, then:
Select one or more:
Your total number of hours will fall by 25%.
O b. Your total number of hours will fall by 50%.
O C. You will work 25 hours per week.
O d. Your free time will increase by 25%.
PREVIOUS PAGE
NE
ASUS ZenBook
f7
E3
9f
OL
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