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Javon Has 80 Hours Per Week to Allocate Between Labour

Question 3

Multiple Choice

Javon has 80 hours per week to allocate between labour 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 opportunity cost of an hour of leisure is:


A) $8.
B) $10.
C) $640.
D) $800.

Correct Answer:

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