Equation of budget constraint


Suppose Amy's wage (W) is $6 an hour, her non-labor income (V) is $15 a day, consumption C is measured in dollars, and she has 18 hours in the day to work (h) or leisure (L). The equation of her budget constraint is:

a. C = 123-6L.

b. C = 123-6h.

c. C = 108-6L.

d. C = 108-6h.

e. none of the above.

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Macroeconomics: Equation of budget constraint
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