menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 4
  4. Exam
    Exam 4: Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization
  5. Question
    The Vertical Intercept of the Consumer's Budget Line Is Equal\( \frac{\pi-T}{w} \)
Solved

The Vertical Intercept of the Consumer's Budget Line Is Equal π−Tw \frac{\pi-T}{w} wπ−T​

Question 8

Question 8

Multiple Choice

The vertical intercept of the consumer's budget line is equal to


A) h + π−Tw \frac{\pi-T}{w} wπ−T​
B) wh + π\piπ - T.
C) c + w(l - h) .
D) π\piπ - T.
E) wh - T.

Correct Answer:

verifed

Verified

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

Related Questions

Q3: A consumption bundle<br>A) is a particular combination

Q5: The marginal product of the second widget

Q6: We assume that the representative consumer's preferences

Q7: The profit-maximizing quantity of labour equates the

Q9: A static decision is one that<br>A) is

Q10: That indifference curves are downward sloping<br>A) is

Q11: In practice,<br>A) taxes are not lump sum

Q12: That indifference curves are bowed in toward

Q46: As the quantity of labour increases, the

Q69: The following question(s)deal with The Widget

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines