Use the Following Figure to Answer the Question : Figure

question 56

Multiple Choice

Use the following figure to answer the question : Figure 17-1 : shows the weekly income (in dollars) and leisure (in hours) of a worker using an indifference curve and a budget line.

-In Figure 17-1,assume the worker is initially in equilibrium at point A.Weekly earnings and work effort are _____ respectively.

• A)OY₁ and OL₂
• B)OY₂ and NL₂
• C)OY₁ and NL₂
• D)OY₂ and ON

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