=+f. True or False: We can model the choices of workers either using our five standard assumptions
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=+f. True or False: We can model the choices of workers either using our five standard assumptions about tastes defined over leisure and consumption, or we can model these choices using tastes defined over labor and consumption. Either way, we get the same answers so long as we let go of the monotonicity assumption in the latter type of model.
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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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