Question
Before the pandemic, Kody earns minimum wage ($12/hour) working full time (40 hours a week) as a chip runner at the Commerce Casino and is
Before the pandemic, Kody earns minimum wage ($12/hour) working full time (40 hours a week) as a chip runner at the Commerce Casino and is on the blue budget line.
Note that Leisure and All Other Goods are on the axes and the graph depicts theweeklytradeoff between leisure and All Other Gooors/Income.
He chooses
[ Select ]
["R", "S", "T", "W", "X", "Y"] on [ Select ]
["IC0", "IC1", "IC2"] .
Kody earns
[ Select ] ["$12", "$40", "480", "$168", "$2016"] of weekly income and consumes [ Select ] ["0 hours", "40 hours", "128 hours", "168 hours"] of leisure.F is the [ Select ] ["amount of income he earns", "the amount of hours he works
", "the hours of leisure he consumes"] he consumes, H is the[ Select ] ["amount of income he earns", "the amount of leisure he consumes", "
the hours he works each week'] , and 168 minus F is the [ Select ]
["hours of leisure he consumes", "the amount of income he earns", "the number of hours he works each day", "the number of hours he works each week", "the number of hours he works each month"] . After gets laid off and before he starts getting unemployment, he moves to[Select ] [R", "S", "T, "W", "X", "Y", "Z", "A"] .
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