Use the Table Below to Answer the Following Questions

question 72

Multiple Choice

Use the table below to answer the following questions.
Windsurfing equipment rents for $10 per hour and snorkeling equipment rents for $5 per hour.
Table 8.2.1

-Consider Devon's total utility from snorkeling and windsurfing in Table 8.2.1. Suppose Devon's total income is $35. If the price of windsurfing rises to $20 per hour, how long does Devon choose to windsurf and to snorkel?

• A)1 hour of windsurfing and 3 hours of snorkeling
• B)2 hour of windsurfing and 7 hours of snorkeling
• C)3 hours of windsurfing and 5 hours of snorkeling
• D)4 hours of windsurfing and 3 hours of snorkeling
• E)5 hours of windsurfing and 1 hour of snorkeling

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Definitions:

Tax Evasion

The illegal practice of not paying taxes by individuals or corporations through various means such as underreporting income or hiding money.

Tax Laws

Legal regulations related to the assessment and collection of taxes by the government.

White-collar Deviance

Illegal or unethical acts committed by individuals in professional occupations during the course of their employment.

Unwittingly

Unwittingly means doing something without being aware of all the facts or without intending to cause a particular result.