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1. (a) A woman can earn $12 an hour, and she is able to work up to 16 hours per day. Draw the market budget
1. (a) A woman can earn $12 an hour, and she is able to work up to 16 hours per day. Draw the "market" budget constraint she faces. (b) Now draw an indifference curve showing that her utility is maximized by working 9 hours a day. At this point, what are her daily earnings and her daily consumption of leisure hours
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Understanding Econometrics With Economic Applications
Authors: Dennis Halcoussis
1st Edition
0030348064, 9780030348068
