Select one or more: a. The positive slope of these curves captures the idea that

ID: 1114707 • Letter: S

Question

Select one or more:

a. The positive slope of these curves captures the idea that an increase in effort causes an increase in income.

b. These curves indicate that the worker cares about effort and income. He derives disutility from effort and utility from income.

c. The positive slope of these curves captures the idea that effort in itself is a 'bad', while income is a 'good'.

d. The fact that the slope of the curves is positive but decreasing reflects the "increasing marginal disutility" of effort.

e. As we move South-East utility increases.

a. The positive slope of these curves captures the idea that an increase in effort causes an increase in income.

b. These curves indicate that the worker cares about effort and income. He derives disutility from effort and utility from income.

d. The fact that the slope of the curves is positive but decreasing reflects the "increasing marginal disutility" of effort.

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