The consumer's work-leisure choice problem focuses on how a consumer's work-leisure decision is affected by the consumer's
A)preferences and psychology.
B)preferences and productivity.
C)preferences and constraints.
D)productivity and psychology.
E)psychology and preferences.

Question

Quizplus · Accepted Answer

The consumer's work-leisure decision is affected by their preferences (i.e. how much they enjoy leisure time versus work, and how much income they desire) and their constraints (i.e. the hours they are required to work or the income they need to support themselves). Productivity and psychology may also play some role, but the most significant factors are preferences and constraints. Therefore, the best answer is C, as it includes both of these important factors.

The Consumer's Work-Leisure Choice Problem Focuses on How a Consumer's