=+a. Given you know which portion of the budget constraint worker 2 ends up on, can you
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=+a. Given you know which portion of the budget constraint worker 2 ends up on, can you write down the optimization problem that solves for his optimal choice? Solve the problem and determine what value a must take for worker 2 in order for him to have chosen to work 24 hours under the EITC program.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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