The federal minimum wage was increased on July 24, 2007, to $5.85 from $5.15. If 16 hours
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The federal minimum wage was increased on July 24, 2007, to $5.85 from $5.15. If 16 hours per day are available for work and leisure, draw the daily budget constraint for a worker who was earning the minimum wage rate of $5.15 and the new budget constraint after the increase.
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Related Book For 
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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