Practice Quiz

Case Interview Prep

Category - Economics

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In early assumptions about how individuals utilize time, the following two options were stated:
  1. study and domestics
  2. labor and domestics
  3. labor and leisure
  4. leisure and study
Explanation
Answer: C - In early assumption about how individuals utilize time, labor and leisure were stated.

Key Takeaway: Labor and leisure were considered the only two ways that individuals utilized their time. The assumption was that each individual determination the appropriate combination of labor and leisure that maximized their satisfaction with time utility.
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