Janie works for an accounting firm. 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. Before her raise, if Janie decreases her hours of work from 30 to 20 hours per week, the marginal utility gain from having more leisure is:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Janie works for an accounting firm. 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. Before her raise, if Janie decreases her hours of work from 30 to 20 hours per week, the marginal utility gain from having more leisure is:

Hours of Leisure

Total Utility from Leisure

Income

Total Utility from Income

0

0

0

0

10

29

300

40

20

54

400

72

30

75

600

96

40

86

800

108

50

92

900

116

 

 

1200

120

 

 

1500

122

 

 

1600

124

 

 

2000

125

 

Question 4 options:

 

29

 

21

 

13

 

7

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