Answer:
C + 10L = 1340
Explanation:
Given that the Budget line is a term in economics that is used to describe or represent all possible combinations of two goods which can be acquired by a consumer considering the income and prices in a given time.
It is carried out in a way that the cost of any of the combinations matches the capital income of that particular consumer.
Hence, in this case, the combination of both labor income and no labor income is
=> ($10 * 112hr) + $220 = 1,340
Therefore, the budget line is C + 10L = 1340
