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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
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decrease vacation time and bonuses
reduce vacation time and increase bonuses
increase vacation time and decrease bonuses
not change anything
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