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Consider the Time Allocation Budget Line for Priya

Question 339

Multiple Choice

Consider the time allocation budget line for Priya. Put hours of leisure on the horizontal axis and income on the vertical axis. If Priya can allocate 100 hours per week to either leisure or work and her wage per hour is $18, then the vertical intercept is _____ and the slope of the time allocation budget line is _____.


A) $180; 18
B) $1,800; 18
C) $1,800; -18
D) $720; 18

Correct Answer:

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