There are 168 hours in a week. Of these, about 60 hours will go to sleeping (more or less). That leaves 108 hours for which we have a choice in terms of how we will spend that time. Let's assume that we will spend the 108 hours in either work or leisure, or some kind of combination of the two.
A. What factors would you consider in making the choice of how you will allocate your time between work and leisure?
B. Would these factors change as your earnings increased? As you aged?
This question will depend on your personal preferences. For most people, the primary reason they choose to work instead of enjoy themselves all day is that they need to buy things. Furthermore, the wage ...
Determination of number of hours allocated to work and leisure