Mr Cog Has 18 Hours Per Day to Divide Between

question 75

Multiple Choice

Mr. Cog has 18 hours per day to divide between labor and leisure. His utility function is U(C, R) = CR, where C is dollars per year spent on consumption and R is hours of leisure. If he has 19 dollars of nonlabor income per day and gets a wage rate of 15 dollars per hour when he works, his budget equation, expressing combinations of consumption and leisure that he can afford to have, can be written as

• A) 15R + C = 19.
• B) 15R + C = 289.
• C) R += 379.
• D) C = 289 + 15R.
• E) C = 346 + 15R.

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Definitions:

Brachiocephalic Veins

Large veins located in the thorax that carry blood from the head, neck, and upper limbs back to the heart.

Lymph Trunks

Large lymphatic vessels that collect lymph from smaller lymphatic vessels and empty it into the venous system.

Thoracic

Pertaining to the chest region, including the thoracic vertebrae, ribs, and the organs within the thoracic cavity.