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1.Explain & illustrate, using a labor/leisure choice model, the concepts of i. Earnings Potential, ii. Actual Earnings, and iii. Latent Earnings. 2.Explain Work-Life Expectancy, how

1.Explain & illustrate, using a labor/leisure choice model, the concepts of i. Earnings Potential, ii. Actual Earnings, and iii. Latent Earnings.

2.Explain Work-Life Expectancy, how it is determined, and the role that it plays in determining damages from injuries.

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