Multiple Choice
An individual's satisfaction from daily free time (t) and consumption (c) is determined by the utility function U(t, c) = t × c. The individual is currently at a point where they have 12 hours of free time and a consumption level of $500. Which of the following alternative combinations of free time and consumption would provide this individual with the exact same level of satisfaction?
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Updated 2026-06-19
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Economy
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ