Consider a working woman or man who has young children or elderly relatives to take care of.
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Consider a working woman or man who has young children or elderly relatives to take care of. Explain in terms of the labor supply curve how this person’s decision to work is affected by the presence of dependents. What happens to the opportunity cost of working? How is the labor supply curve affected?
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The decision of a working woman or man with dependents such as young children or elderly relatives to work is influenced by various factors related to ...View the full answer
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