Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Suppose Jenny has 16 hours per day to allocate between work and leisure and she
earns a wage rate of $25 per hour. If at the utility-maximizing level of employment
(1.e., MRSYL= w), Jenny's MUL is 20 utils, what is her MUy?
!3!
O A. Cannot be determined with the information provided.
O B. 0.8 utils
O C. 1.25 utils
O D. 500 utils
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