9 Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if...

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9 Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if she earns $12 per hour, $16 per hour and $20 per hour. Now draw indifference curves such that Sarah's labour supply curve is upward-sloping when the wage is between $1 2 and

$16 per hour, and backward-sloping when the wage is between $16 and $20 per hour.

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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