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Molly attends college and works part-time job as a telemarketer She can work up to 40 hours each week at her job which pays $8 per hour

Molly attends college and works part-time job as a telemarketer. She can work up to 40 hours each week at her job, which pays $8 per hour. The table below shows utility from different level of leisure and income. Molly is currently working 20 hours per week. If she decides to work 30 hours instead, then her marginal utility loss from having less leisure is:

Hours of leisure

Total utility from leisure

Income

Total utility from income

0

0

0

0

5

18

40

30

10

34

80

54

15

48

120

72

20

56

160

81

25

60

200

87

30

62

240

90

   

280

92

       
       
       
       
       
       
       

18

3

34

6

Apr 30 2020 View more View Less

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