Use the Following to Answer Questions

question 197

Multiple Choice

Use the following to answer questions:
Figure: Joanna's Time Allocation Budget Line
-(Figure: Joanna's Time Allocation Budget Line) The figure Joanna's Time Allocation Budget Line depicts what happens when she can choose how to spend 40 hours. What is the opportunity cost of an hour of leisure?

• A) $10.00
• B) $12.50
• C) $40.00
• D) $15.00