=+to the hourly wage. We observe the following information about the choices that the two individuals make:

Question:

=+to the hourly wage. We observe the following information about the choices that the two individuals make:

SaM baRb SaM baRb pRIce oF G pRIce oF L L

(houRS)

L

(houRS) G ($) G ($)

1 8 16 14 64 80 1 9 15 14 81 90 1 10 14 15 100 90 1 11 14 16 110 88

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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