MrCog Has 18 Hours Per Day to Divide Between Labor

question 20

Multiple Choice

Mr.Cog has 18 hours per day to divide between labor and leisure.If he has a nonlabor income of 40 dollars per day and a wage rate of 6 dollars per hour, he will choose a combination of labor and leisure that allows him to spend

• A)148 dollars per day on consumption.
• B)74 dollars per day on consumption.
• C)94 dollars per day on consumption.
• D)64 dollars per day on consumption.
• E)111 dollars per day on consumption.

---

Definitions:

Rotate

The action of turning an object around a central axis or point, either in a physical space or within software applications.

Fill Color

The feature in graphic design and spreadsheet software that allows users to apply color to the background of cells, shapes, or text areas.

Footer

A section at the bottom of a document or slide where information like page numbers, author's name, or date can be added.

Title Slide

The introductory slide in a presentation that typically contains the presentation title, presenter's name, and sometimes the date or additional details.