Solved

MrCog Has 18 Hours Per Day to Divide Between Labor

Question 26

Multiple Choice

Mr.Cog has 18 hours per day to divide between labor and leisure.If he has a nonlabor income of 38 dollars per day and a wage rate of 9 dollars per hour, he will choose a combination of labor and leisure that allows him to spend


A) 90 dollars per day on consumption.
B) 200 dollars per day on consumption.
C) 100 dollars per day on consumption.
D) 119 dollars per day on consumption.
E) 150 dollars per day on consumption.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents