Question
Analyse the two parts of this question within the work-leisure framework. Discuss and use diagrams and equations when appropriate to support your answer for each
Analyse the two parts of this question within the work-leisure framework. Discuss and use diagrams and equations when appropriate to support your answer for each part (a) and (b): (a) Analyse why worker absenteeism can occur if the required hours of work per day (e.g. an seven-hour required work day) are different from a worker's desired equilibrium hours of work (e.g. four hours per day).
(b) Analyse within this framework whether or not an employer might reduce absenteeism by changing from a standard wage rate to a higher overtime pay for hours that exceed a fixed minimum (seven hours per day).
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