PTP #2

From Chicago Price Theory Prelim, 1962

True / False / Uncertain

The marginal utility of income is not constant for a worker who increases his hours of work when the wage rate rises.

Source: Irwin Collier, “Chicago. Price Theory Core Examination. Summer 1962,” Economics in the Rear-View Mirror, https://www.irwincollier.com/chicago-price-theory-core-examination-summer-1962/

Topics: consumer-theory , labor-supply