=+f. Repeat B (c) for a 5 0.9214 and calculate the utility associated with the resulting choice.

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=+f. Repeat B

(c) for a 5 0.9214 and calculate the utility associated with the resulting choice.

Compare this to the utility of consuming at the kink point (7, 30) and illustrate what you have found on a graph. What can you conclude about this worker’s choice if 0.4615 , a , 0.9214?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 04, 2024 02:00 AM

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=+e. Repeat B (c) for a 5 0.3846 and for a 5 0.4615. What can you now say about this workers choice for any 0 , a , 0.3846? What can you say about this workers leisure choice if 0.3846 , a , 0.4615?
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=+f. Repeat B (c) for a 5 0.9214 and calculate the utility associated with the resulting choice.

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Microeconomics An Intuitive Approach With Calculus

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