Solved

With Consumption on the Vertical Axis and Leisure on the Horizontal

Question 20

Multiple Choice

With consumption on the vertical axis and leisure on the horizontal axis, the slope of the budget line is equal to

A) w.
B) -w.
C) $\pi$ .
D) - $\pi$ .
E) wh + $\pi$ . - T.

Related Questions

Q15: A consumer's real disposable income equals A) wage

Q16: A consumer maximizes satisfaction at the point

Q17: The marginal rate of substitution A) can be

Q18: A utility function A) needs to measure the

Q19: The shape of the indifference curve depends

Q21: The principle that consumers and firms optimize A)

Q22: An increase in total factor productivity shifts

Q23: Perfect substitutes will have A) straight line indifference

Q24: Two key properties of indifference curves are

Q25: An indifference curve is best defined as A)