Hours
Worked
0
2
4
6
8
10
12
14
17
20
6.
Free
Time
20
Hours of Free Time
9.
20₁
18
16
14
12-
10
8
6
4
2
0
B
2 4 6 8 10 12 14 16 18 20
Hours spent working
What resource is being "spent" in this decision economic model?
7. According to this data, could a person choose point A? Explain.
8. According to this data, could a person choose point B? Explain.
A
Describe the relationship between work time and free time. Use the terms trade off and
opportunity cost in your explanation.