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-Refer to Table Above

Question 23

Multiple Choice

KL8.407.817.226.656.045.454.864.273.683.092.4101.8111.2120.613014\begin{array} { | c c | } \hline K & L \\\hline 8.4 & 0 \\7.8 & 1 \\7.2 & 2 \\6.6 & 5 \\6.0 & 4 \\5.4 & 5 \\4.8 & 6 \\4.2 & 7 \\3.6 & 8 \\3.0 & 9 \\2.4 & 10 \\1.8 & 11 \\1.2 & 12 \\0.6 & 13 \\0 & 14 \\\hline\end{array}
-Refer to table above. If capital hours are drawn on the vertical axis and labour hours are drawn on the horizontal axis, then the budget line would intersect the vertical axis at ___ and the horizontal axis at ___.


A) 14, 0
B) 8.4, 0
C) 8.4, 14
D) 14, 8.4

Correct Answer:

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