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Dorothy Is Trying to Decide How to Allocate Her Time

Question 2

Multiple Choice

Dorothy is trying to decide how to allocate her time between work and leisure.Suppose that she can work a maximum of 75 hours per week.If she can earn $15 per hour,the vertical intercept of her time allocation budget line (with income plotted vertically and leisure plotted horizontally) is:


A) $15.
B) 75 hours.
C) 5
D) $1 125.

Correct Answer:

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