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Question 4 (1 point) Now suppose that instead of T-shirts and Movies, the two goods are leisure, / (on the x-axis) and mark

Question 6 (4 points) How many hours per week do you think you spend in household production? How would you go about calculat

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Answer #1

As per HomeworkLib guidelines in case of multiple questions only the first question is to be answered

Kindly ask rest of the questions in a separate post

1.

Correct option: 400,10

Reason: Vertical intercept = Number of market goods produced

Vertical intercept = ($20 x 40) / 2 = 400 goods

Opportunity cost of leisure = 20/2 = 10

Thus, correct option: 400, 10

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