Most goods and service that we enjoy are bought and sold in market. However, leisure is something
Fantastic news! We've Found the answer you've been seeking!
Question:
Most goods and service that we enjoy are bought and sold in market. However, leisure is something that we value but we do not buy it explicitly. What is the price of leisure? Explain what would happen to the amount of leisure that we would enjoy if the wage rate went up. Why is the ultimate net effect not determinable by appealing to logic alone?
Posted Date: