An Individual Will Allocate Time Between Labor and Leisure by Finding

Multiple Choice

An individual will allocate time between labor and leisure by finding the point at which:

A) he or she maximizes utility while remaining beneath the time allocation budget line.
B) the time allocation budget line is just tangent to an indifference curve.
C) he or she reaches the lowest possible indifference curve while still on the time allocation budget line.
D) he or she is indifferent between work and leisure.