Q1. When converse the maximization of utility, regardless if whether you chose to work more hours or fewer when offered a wage which is higher hourly you could not be worse off than you were at a lower hourly wage. Can you explain how this?

Q2. The advent of personal computers also word processing software which eliminated the market for electric typewriters would be an example of

Q3. You can either spend spring break working at home for $80 per day for five days or go to Florida for the week. If you stay home, your expenses will total about $100. If you go to Florida, the airfare, hotel, food also miscellaneous expenses will total about $700. Illustrate what's your opportunity cost of going to Florida?