MrCog Has 18 Hours Per Day to Divide Between Labor

question 72

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 + C/15 = 379.
• D)C =289 +15R.
• E)C = 346 + 15R.

---

Definitions:

Social Structures

The ordered and patterned relationships among individuals and groups within a society, based on various factors such as class, race, gender, and nationality.

Micro-Structures

The small-scale social patterns and interactions that occur within societies, such as in families or friend groups.

Social Experience

The process of learning and interacting with society, influencing an individual's attitudes, beliefs, and behaviors.

Male Privilege

The set of societal advantages that benefit men over women, often unrecognized by those who possess them.