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According to our labor supply model, a person will work when: Group of answer choices They have high fixed costs of work. Their reservation is
According to our labor supply model, a person will work when: Group of answer choices They have high fixed costs of work. Their reservation is greater than the market wage Their marginal rate of substitution between consumption and leisure is increasing Their non-labor income is greater than the fixed cost of work Their reservation wage is less than the market wage
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
