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Question

One should consume leisure up to the point where the marginal benefit equals the marginal cost, where the marginal cost is the wage rate of labour.


A

True

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B

False

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Solution

The correct option is A

True


True. One should consume leisure up to the point where the marginal benefit equals the marginal cost, where the marginal cost is the wage rate of labour. This condition can be simply explained as: Marginal benefit of leisure = Wage.


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