=+c. For purposes of defining a 45-degree line for this part of the question, assume that you
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=+c. For purposes of defining a 45-degree line for this part of the question, assume that you have drawn hours on the horizontal axis 10 times as large as dollars on the vertical. This implies that the 45-degree line contains bundles like (1, 10), (2, 20), and so on. How much would this person work if his tastes are homothetic and symmetric across this 45-degree line? (By
“symmetric across the 45-degree line,” I mean that the portions of the indifference curves to one side of the 45-degree line are mirror images to the portions of the indifference curves to the other side of the 45-degree line.)
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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