5.11 Originally, Julia could work as many hours as she wanted at a wage of w. She...

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5.11 Originally, Julia could work as many hours as she wanted at a wage of w. She chose to work 12 hours per day. Then, her employer told her that, in the future, she may work as many hours as she wants up to a maximum of 8 hours (and she can find no additional part-time job). How does her optimal choice between leisure and goods change? Does this change hurt her?

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Microeconomics With Calculus

ISBN: 9780273789987

3rd Global Edition

Authors: Jeffrey M. Perloff

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