Janie must either mow the lawn or wash clothes, earning her a - 11548

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yousafbhutta

yousafbhutta

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  • From: , Microeconomics
  • Posted on: Sun 24 Jun, 2012
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Request Description

Janie must either mow the lawn or wash clothes, earning her a benefit of $ 30 or $ 45, respectively. She dislikes both equally and they both take the same amount of time. Janie will therefore choose to __________ because the economic surplus is ___________ . 

  • mow; greater.
  •  wash; greater.
  •  mow; smaller.
  •  wash; smaller.
Solution Description

 

Janie must either mow the lawn or wash clothes, earning her a benefit of $ 30 or $ 45, respectively. She dislikes both equally and they both take the same amount of time. Janie will therefore choose to __________ because the economic surplus is ___________ .