Use the following to answer questions :
Figure: Rita's Time Allocation Budget Line
-(Figure: Rita's Time Allocation Budget Line)Look at the figure Rita's Time Allocation Budget Line.It is based on 80 hours available for labour and leisure.If her hourly wage doubles,the vertical intercept will be:
A) $1 120.
B) $1 400.
C) $1 600.
D) $2 000.

Question

Use the following to answer questions :
Figure: Rita's Time Allocation Budget Line 
-(Figure: Rita's Time Allocation Budget Line)Look at the figure Rita's Time Allocation Budget Line.It is based on 80 hours available for labour and leisure.If her hourly wage doubles,the vertical intercept will be:
A) $1 120. 
B) $1 400. 
C) $1 600. 
D) $2 000.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Figure: Rita's Time Allocation Budget Line 
-(Figure: Rita's Time Allocation Budget Line)Look at the figure Rita's Time Allocation Budget Line.It is based on 80 hours available for labour and leisure.If her hourly wage doubles,the vertical intercept will be:
A) $1 120. 
B) $1 400. 
C) $1 600. 
D) $2 000.

Use the Following to Answer Questions