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Suppose a global pandemic makes travel more difficult and lowers the marginal utility of vacation time but does not affect the marginal utility of buying
Suppose a global pandemic makes travel more difficult and lowers the marginal utility of vacation time but does not affect the marginal utility of buying stuff. If a company is trying to maximize the total utility of its employees, the company will want to
decrease vacation time and bonuses
reduce vacation time and increase bonuses
not change anything
increase vacation time and decrease bonuses
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