What Is the Budget Line for Consumption (C) and Leisure

question 3

Multiple Choice

What is the budget line for consumption (C) and leisure (L) if a person faces a constant wage of $10 per hour, there are 168 hours in the week to work, and she receives non-labor income of $220 per week?

• A)C = 1,900
• B)C + 10L = 1,900
• C)L = 10C + 220
• D)C - 10L = 1,460
• E)10C - L = 1,460

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Definitions:

Pre-

A prefix indicating before, in front of, or prior to.

Deca-

A prefix meaning ten, used in forming terms denoting objects composed of ten parts or units.

Primi-

A prefix meaning "first" used in medical terminology to denote the first occurrence or a primary condition.

Tri-

A prefix meaning three, used in terms referring to three parts or threefold.