Gabriella often faces a trade-off between time at the beach, Ask an Expert

Economics

Gabriella often faces a trade-off between time at the beach and time working as a model. She earns $40 per hour as a model and values going to the beach at the same price. When explaining this to her parents she says, "The marginal utility per hour working is the same as the marginal utility of going to the beach." This is a illustration of which concept?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9490758

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