21. Suppose there are only two goods that Bob cares about(1) material welfare and (2) leisure time...
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2–1. Suppose there are only two goods that Bob cares about—(1) material welfare and (2)
leisure time that he “buys” from the outside world at $40 per unit and $20 per hour, respectively. He currently lives and works in Atlanta, has a budget totaling $1,000 per week for these two goods, and consumes 11 units of material welfare and 28 hours of leisure time?
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Managerial Economics And Organizational Architecture
ISBN: 9781260571219
7th International Edition
Authors: Clifford W. Smith, Jerold Zimmerman, James Brickley
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