Mr Cog in Problem 7 Has 18 Hours a Day

question 27

Multiple Choice

Mr. Cog in Problem 7 has 18 hours a day to divide between labor and leisure. If he has 8 dollars of nonlabor income per day and gets a wage rate of 5 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) 5R + C = 98.
• B) R += 128.
• C) C = 98 + 5R.
• D) 5R + C = 8.
• E) C = 122 + 5R.

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Definitions:

Shading

A technique used in drawing and painting to represent light and shadow, or the gradual change of value.

Universal Propositions

Statements that assert something about every member of a particular class.

Existential Import

The implication that something exists when affirmative statements are made about a category or class.

Enthymeme

A shortened syllogism or rhetorical argument that leaves one premise implied, often used in persuasive speech.