Javon Has 80 Hours Per Week to Allocate Between Labor

question 103

Multiple Choice

Javon has 80 hours per week to allocate between labor and leisure. Graph hours of leisure per week on the horizontal axis and income per week on the vertical axis. If Javon's hourly wage is $8, then the vertical intercept of his time allocation budget line is:

• A) $8.
• B) $640.
• C) 40 hours.
• D) 80 hours.

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