5.3 Bessie, who can currently work as many hours as she wants at a wage of w,...
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5.3 Bessie, who can currently work as many hours as she wants at a wage of w, chooses to work 10 hours a day. Her boss decides to limit the number of hours that she can work to 8 hours per day. Show how her budget constraint and choice of hours change.
Is she unambiguously worse off as a result of this change? Why or why not?
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