Multiple Choice
Javon has 80 hours per week to allocate between labor and leisure. Graph hours of leisure per week on the horizontal axis and income per week on the vertical axis. If Javon's hourly wage is $8, then the horizontal intercept of his time allocation budget line is:
A) $8.
B) $640.
C) 40 hours.
D) 80 hours.
Correct Answer:
Verified
Correct Answer:
Verified
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