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Question 22

Multiple Choice

Questions are based on the following diagram:
Questions are based on the following diagram: -If the current wage rate results in a budget constraint of AB<sub>1</sub>,the individual will choose: A) 0C hours of work and AC hours of leisure B) AD hours of work and 0D hours of leisure C) 0D hours of work and AD hours of leisure D) AC hours of work and 0C hours of leisure
-If the current wage rate results in a budget constraint of AB1,the individual will choose:


A) 0C hours of work and AC hours of leisure
B) AD hours of work and 0D hours of leisure
C) 0D hours of work and AD hours of leisure
D) AC hours of work and 0C hours of leisure

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