Question 1 1 Point

Question 1 In a model of the choice of hours of work, the budget constraint A B C D is money income hourly wagehours Of work (MewH) is hours Of work is the hours in the day not spent in leisure (HT-L) has a slope Of w (the negative Of the hourly wage) All Of the above. point 1 Point Question 2 If the consumer budget constraint is Mzw(T-L), Where M is money income, w is the hourw wage. T is the total available hours, and L is the hours of leisure chosen by the consumer. A B C D the introduction Of a tax on wage income will make the constraint steeper. the introduction Of the tax makes the budget constraint the introduction Of the tax makes the constraint None Of the above.