An individual that values leisure more highly will have: horizontal indifference curves. steeper indifference curves. flatter...
An individual that values leisure more highly will have:
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horizontal indifference curves. |
||
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steeper indifference curves. |
||
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flatter indifference curves. |
||
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upward sloping indifference curves. |
Homework Answers
The correct answer is: b)
Reason: since the individual values leisure more, any change in the wage rate will have less impact on the leisure enjoyed and thus the indifference curve will be steeper.
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An individual that values leisure more highly will have:
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flatter...
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Which statement is true or false:
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