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 (i.e., MRSy; = w), Jenny's MUy is 20...


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


(i.e., MRSy; = w), Jenny's MUy is 20 utils, what is her MUl?


O A.


1.25 utils


O B.


0.8 utils


O C. 500 utils


O D. Cannot be determined with the information provided.



Jun 10, 2022
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