Anya is currently consuming $1000 worth of consumption goods C and spending 30 hours in leisure L per week, where her marginal rate of substitution is 20. Assume that the price of a consumption good C is $1.
This implies that she is willing to:
O a. sacrifice 20 hours of leisure to get an extra $1 worth of consumption.
O b. sacrifice $20 worth of consumption to enjoy the next hour of leisure.
O c. her current utility will be higher by $20 if she gets one more unit of leisure.
O d. she values the next unit of consumption at $20.