what is the budget line for consumption and leisure if a person faces a constant wage of $5 per hour , there are 168 hours in the week to work,and she received non-labor income of 200 per week

Briefly outline and explain some of factors that depend on line amount of a commodity a consumer os prepared to buy

Terry decides to increase her work hours from 20 to 25 hour per week.   1. What would be her marginal utility loss from having less leisure time?  2. What would be her marginal utility gain from having additional income?

The answer choices for the fill in the blank is local department store, store in the neighboring city, and store across town

9

Table 24-5The table below pertains to Wrexington, an economy in which the typical consumer’s basket consists of 20 pounds of meat and 10 toys. Year Price ofMeat Price of aToy 2004 $3 per pound $2 2005 $1 per pound $7 2006 $4 per pound $5 Refer to Table 24-5. The cost of the basket Group of answer choices increased from 2004 to 2005 and increased from 2005 to 2006. increased from 2004 to 2005 and decreased from 2005 to 2006. decreased from 2004 to 2005 and increased from 2005 to 2006. decreased from 2004 to 2005 and decreased from 2005 to 2006.

Terry decides to decrease her work hours from 20 to 10. 1. What would be her marginal utility gain from having additional leisure time?    2. What would be marginal utility loss from less income?

What is the formula for the wage elasticity of labor supply?

Typed plz and asap thanks please provide me a quality solution

Table 1-1 red 2.00 Hours Total Revenue tion Орen (dollars) $35 2. 60 80 4. 92 100 105 Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her hours of operation. Eva figures that her sales revenue will depend on the number of additional hours the bakery is open as shown in the table above. She would have to hire a worker for those hours at a wage rate of $12 per hour. Refer to Table 1-1. Using marginal analysis, how many should extendI bakery's hours of operations Select one: O a. 3 hours O b. 2 hours Oc. 5 hours O d. 6 hours O e. 4 hours