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...


Suppose Jenny has 16 hours per day to allocate between work and leisure and she earns a<br>wage rate of $25 per hour. If at the utility-maximizing level of employment (1.e., MRSYL =<br>w), Jenny's MUL is 20 utils, what is her MUy?<br>O A 08 utils<br>OB 500 utils<br>OC 1.25 utils<br>OD Cannot be determined with the information provided<br>Assume that b = 0.15% and that l = 0. If the one-year interest rate is 5% and the two-<br>year interest rate is 5.75%, then i is equal to:<br>O A 6 20%<br>OB 5 60%<br>OC 5 15%<br>OD 5.90%<br>

Extracted 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? O A 08 utils OB 500 utils OC 1.25 utils OD Cannot be determined with the information provided Assume that b = 0.15% and that l = 0. If the one-year interest rate is 5% and the two- year interest rate is 5.75%, then i is equal to: O A 6 20% OB 5 60% OC 5 15% OD 5.90%

Jun 10, 2022
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