Suppose Jenny has 16 hours per day to allocate between work and leisure and sheearns 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 utilsO C. 1.25 utilsO D. 500 utils

Answered: Image /qna-images/answer/14b8e5a5-1884-4f02-8db4-e85f5453e127.jpg

Answered: O D. 500 utils

Business

Economics

O D. 500 utils

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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